Price Level of Household Consumption for Spain
PLCCPPESA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.79
Year-over-Year Change
-11.77%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Household Consumption for Spain measures changes in the overall price level of goods and services purchased by Spanish households. This key economic indicator provides insights into consumer spending patterns and inflationary pressures.
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 relative prices of various consumption categories, including food, housing, transportation, and recreation. It serves as an important gauge of the purchasing power of Spanish consumers and is widely referenced by policymakers, economists, and market analysts.
Methodology
The data is collected by the Spanish National Statistics Institute through surveys of household expenditures.
Historical Context
The price level of household consumption is a crucial input for assessing the state of the Spanish economy and informing monetary and fiscal policy decisions.
Key Facts
- The base year for the index is 2015.
- Spain's household consumption price index has risen by 10% over the past decade.
- This indicator is closely watched by the European Central Bank for monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Spain tracks changes in the overall prices of goods and services purchased by Spanish households.
Q: Why is this trend relevant for users or analysts?
A: This index provides crucial insights into consumer spending patterns and inflationary pressures in the Spanish economy, informing policymaking and market analysis.
Q: How is this data collected or calculated?
A: The data is collected by the Spanish National Statistics Institute through surveys of household expenditures.
Q: How is this trend used in economic policy?
A: The price level of household consumption is a key indicator referenced by the European Central Bank and Spanish policymakers for monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a regular basis with minimal delays, providing timely insights into the state of the Spanish consumer economy.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Spain (PLCCPPESA670NRUG), retrieved from FRED.