Price Level of Household Consumption for the Democratic Republic of the Congo
PLCCPPCDA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.46
Year-over-Year Change
4.84%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Household Consumption for the Democratic Republic of the Congo (DRC) measures the relative cost of consumer goods and services in the DRC compared to a reference level. This metric is crucial for understanding the purchasing power of DRC households and guiding economic policies.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Price Level of Household Consumption for the DRC is an index that reflects the overall price level of consumer goods and services in the country relative to a reference period. It provides insights into the cost of living and purchasing power of DRC households, which is essential for economic analysis and policymaking.
Methodology
The data is collected and calculated by the World Bank using nationally representative household surveys.
Historical Context
This metric informs economic policies aimed at improving the standard of living and affordability of consumer goods in the DRC.
Key Facts
- The DRC's price level of household consumption was 72.91 in 2020.
- This index has fluctuated significantly over the past decade, reflecting economic volatility.
- Monitoring this metric is crucial for understanding the purchasing power of DRC households.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for the Democratic Republic of the Congo (DRC) measures the relative cost of consumer goods and services in the DRC compared to a reference level.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding the purchasing power of DRC households and guiding economic policies aimed at improving the standard of living and affordability of consumer goods.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using nationally representative household surveys.
Q: How is this trend used in economic policy?
A: This metric informs economic policies aimed at improving the standard of living and affordability of consumer goods in the DRC.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of household survey information in the DRC.
Related Trends
Price Level of Household Consumption for Saint Vincent and the Grenadines
PLCCPPVCA670NRUG
Price Level of Imports for Cape Verde
PLMCPPCVA670NRUG
Price Level of Household Consumption for Rwanda
PLCCPPRWA670NRUG
Price Level of Capital Formation for Colombia
PLICPPCOA670NRUG
Price Level of the Capital Stock for Trinidad and Tobago
PLKCPPTTA670NRUG
Price Level of Capital Formation for Zimbabwe
PLICPPZWA670NRUG
Citation
U.S. Federal Reserve, Price Level of Household Consumption for the Democratic Republic of the Congo (PLCCPPCDA670NRUG), retrieved from FRED.