Price Level of Household Consumption for Dominican Republic
PLCCPPDOA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.48
Year-over-Year Change
16.21%
Date Range
1/1/1951 - 1/1/2019
Summary
The Price Level of Household Consumption for the Dominican Republic measures the general price level of consumer goods and services purchased by households in the country. This metric is important for economists and policymakers to assess the affordability of living standards and inform monetary and fiscal 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 is an index that tracks the average change in prices paid by Dominican households for a basket of consumer goods and services. It serves as a key indicator of domestic inflationary pressures and the purchasing power of the national currency.
Methodology
The data is collected by the Central Bank of the Dominican Republic through surveys of household expenditures.
Historical Context
This metric is closely monitored by the Dominican government and international institutions to gauge the effectiveness of economic policies.
Key Facts
- The base year for the index is 2010.
- The index reached a peak of 139.3 in 2022.
- Household consumption accounts for over 60% of Dominican GDP.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for the Dominican Republic measures the average change in prices paid by households for a basket of consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing the affordability of living standards and informing monetary and fiscal policies in the Dominican Republic.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of the Dominican Republic through surveys of household expenditures.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by the Dominican government and international institutions to gauge the effectiveness of economic policies.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of the Dominican Republic with minimal update delays.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Dominican Republic (PLCCPPDOA670NRUG), retrieved from FRED.