Price Level of Household Consumption for Honduras
PLCCPPHNA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.47
Year-over-Year Change
26.28%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Household Consumption for Honduras measures the general price level of goods and services purchased by Honduran households. It serves as an important economic indicator for understanding consumer spending and inflationary pressures in the Honduran economy.
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 average change in prices paid by Honduran consumers for a basket of commonly purchased goods and services. It is a key metric used by policymakers, economists, and analysts to monitor the purchasing power of Honduran households and inform economic decision-making.
Methodology
The data is collected through a survey of Honduran households and calculated as an index relative to a base year.
Historical Context
Trends in the Price Level of Household Consumption provide insight into the cost-of-living and can influence monetary and fiscal policy in Honduras.
Key Facts
- The base year for the Price Level of Household Consumption for Honduras is 2010.
- Honduras has experienced relatively high inflation rates compared to neighboring countries in recent years.
- Consumer spending accounts for approximately 75% of Honduras' gross domestic product.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Honduras measures the average change in prices paid by Honduran consumers for a basket of commonly purchased goods and services.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures and the purchasing power of Honduran households, which is important for policymakers, economists, and market analysts to monitor.
Q: How is this data collected or calculated?
A: The data is collected through a survey of Honduran households and calculated as an index relative to a base year.
Q: How is this trend used in economic policy?
A: Trends in the Price Level of Household Consumption provide insight into the cost-of-living in Honduras and can influence monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be a lag of several months between the reference period and the release of the latest figures.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Honduras (PLCCPPHNA670NRUG), retrieved from FRED.