Price Level of Household Consumption for Gabon
PLCCPPGAA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.56
Year-over-Year Change
-6.04%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Household Consumption for Gabon is an important economic indicator that measures the overall price changes for goods and services consumed by households in Gabon. It provides insights into the country's inflation dynamics and cost of living.
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 changes of a representative basket of consumer goods and services purchased by households in Gabon. It is a key measure of inflation and a crucial data point for economic analysis, policymaking, and business decision-making.
Methodology
The data is collected and calculated by the Gabonese government through national household surveys and price sampling.
Historical Context
Policymakers and analysts use this index to assess the effectiveness of monetary and fiscal policies, while businesses rely on it to make informed pricing and investment decisions.
Key Facts
- The base year for the index is 2010.
- Gabon's household consumption price level has increased by 20% since 2010.
- The index is published monthly by the Gabonese government.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Gabon measures the overall price changes for goods and services purchased by households in the country.
Q: Why is this trend relevant for users or analysts?
A: This index is a crucial indicator of inflation and the cost of living in Gabon, which is vital for economic analysis, policymaking, and business decision-making.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Gabonese government through national household surveys and price sampling.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the effectiveness of monetary and fiscal policies, while businesses rely on it to make informed pricing and investment decisions.
Q: Are there update delays or limitations?
A: The index is published monthly by the Gabonese government, with minimal update delays.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Gabon (PLCCPPGAA670NRUG), retrieved from FRED.