Price Level of Household Consumption for Dominica
PLCCPPDMA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.71
Year-over-Year Change
19.96%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Household Consumption for Dominica measures changes in the overall price level for consumer goods and services purchased by households in Dominica. This key economic indicator provides insights into domestic inflation and consumer purchasing power.
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 Dominica is an index that tracks the average change in prices paid by Dominican households for a basket of consumer goods and services. It is a widely used metric for evaluating the country's inflationary pressures and the purchasing power of consumers.
Methodology
The data is collected by the Dominica Central Statistical Office through regular household surveys.
Historical Context
Policymakers and economists closely monitor this index to inform decisions on monetary and fiscal policies.
Key Facts
- Dominica is a small island nation in the Caribbean.
- The base year for the index is 2015 = 100.
- The index is published quarterly by the Dominica Central Statistical Office.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Dominica measures the average change in prices paid by Dominican households for a basket of consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into Dominica's domestic inflation and the purchasing power of consumers, which are crucial for policymakers and economists to monitor.
Q: How is this data collected or calculated?
A: The data is collected by the Dominica Central Statistical Office through regular household surveys.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this index to inform decisions on monetary and fiscal policies in Dominica.
Q: Are there update delays or limitations?
A: The index is published quarterly by the Dominica Central Statistical Office, with no known significant delays or limitations.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Dominica (PLCCPPDMA670NRUG), retrieved from FRED.