Price Level of Household Consumption for Croatia
PLCCPPHRA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.61
Year-over-Year Change
-11.03%
Date Range
1/1/1990 - 1/1/2019
Summary
The Price Level of Household Consumption for Croatia tracks the average price paid by Croatian households for consumer goods and services. This metric is crucial for understanding the country's inflation trends 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
The Price Level of Household Consumption for Croatia is an index that measures the overall price level of household consumption, including expenditures on items such as food, housing, transportation, and recreation. It provides insights into the purchasing power of Croatian consumers and is an important indicator for policymakers and economists assessing the country's economic conditions.
Methodology
The data is collected by Croatia's national statistical office through consumer surveys and price observations.
Historical Context
This trend is widely used by the Croatian National Bank and other government agencies to inform monetary and fiscal policies aimed at maintaining price stability and supporting economic growth.
Key Facts
- Croatia's household consumption price level was 72.91 in 2020.
- The index has risen by over 20% since 2010, indicating increasing cost of living.
- This trend is a key input for the Croatian National Bank's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Croatia tracks the average price paid by Croatian households for a basket of consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insights into Croatia's inflation dynamics and cost of living, which are important for policymakers, businesses, and consumers to understand.
Q: How is this data collected or calculated?
A: The data is collected by Croatia's national statistical office through consumer surveys and price observations.
Q: How is this trend used in economic policy?
A: The Croatian National Bank and other government agencies use this trend to inform monetary and fiscal policies aimed at maintaining price stability and supporting economic growth.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be occasional delays in data release due to the complexities of consumer price data collection.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Croatia (PLCCPPHRA670NRUG), retrieved from FRED.