Price Level of Household Consumption for Cote d'Ivoire
PLCCPPCIA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.43
Year-over-Year Change
3.01%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Household Consumption for Cote d'Ivoire measures the average price changes for goods and services consumed by households in the country. This metric is crucial for understanding inflation and purchasing power dynamics in the Ivorian economy.
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
This index tracks the price level of a representative basket of consumer goods and services purchased by households in Cote d'Ivoire. It serves as a key indicator for monitoring the overall cost of living and inflationary pressures within the country.
Methodology
The data is collected through consumer price surveys conducted by the Ivorian National Institute of Statistics.
Historical Context
Policymakers and economists use this index to inform decisions on monetary policy, wage adjustments, and consumer protection measures.
Key Facts
- The base year for the index is 2015.
- Cote d'Ivoire is a major economy in West Africa.
- Consumer price inflation is a key economic concern in the country.
FAQs
Q: What does this economic trend measure?
A: This index measures the average price changes for a basket of consumer goods and services purchased by households in Cote d'Ivoire.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding inflation and purchasing power dynamics within the Ivorian economy, which is important for policymakers and consumers.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys conducted by the Ivorian National Institute of Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to inform decisions on monetary policy, wage adjustments, and consumer protection measures.
Q: Are there update delays or limitations?
A: The data is published regularly, but there may be occasional delays or limitations in survey coverage or methodology.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Cote d'Ivoire (PLCCPPCIA670NRUG), retrieved from FRED.