Price Level of Household Consumption for Guatemala
PLCCPPGTA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.59
Year-over-Year Change
52.40%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Household Consumption for Guatemala measures the relative cost of consumer goods and services in the country. It is a key indicator of inflation and the purchasing power of Guatemalan households.
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 series represents the price level of household consumption in Guatemala, providing insight into the cost of living and domestic purchasing power. It is a valuable metric for economists and policymakers to assess the country's economic conditions and guide policy decisions.
Methodology
The data is collected and calculated by the World Bank based on national accounts and household survey information.
Historical Context
The Price Level of Household Consumption for Guatemala is used to analyze trends in consumer prices and guide fiscal and monetary policies.
Key Facts
- Guatemala's price level of household consumption was 78.47 in 2020.
- The price level has increased by over 20% since 2010.
- Household consumption accounts for approximately 60% of Guatemala's GDP.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Guatemala measures the relative cost of consumer goods and services in the country. It reflects the purchasing power of Guatemalan households.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the cost of living and inflation pressures in Guatemala, which are crucial factors for consumers, businesses, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts and household survey information.
Q: How is this trend used in economic policy?
A: The Price Level of Household Consumption for Guatemala is used by economists and policymakers to analyze trends in consumer prices and guide fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, and there may be some delay in the most recent information being available.
Related Trends
Price Level of Household Consumption for Dominican Republic
PLCCPPDOA670NRUG
Price Level of Government Consumption for Latvia
PLGCPPLVA670NRUG
Price Level of Exports for Azerbaijan
PLXCPPAZA670NRUG
Price Level of Exports for South Africa
PLXCPPZAA670NRUG
Price Level of the Capital Stock for Australia
PLKCPPAUA670NRUG
Price Level of Capital Formation for Swaziland
PLICPPSZA670NRUG
Citation
World Bank, Price Level of Household Consumption for Guatemala (PLCCPPGTA670NRUG), retrieved from FRED.