Price Level of Household Consumption for Jordan
PLCCPPJOA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.45
Year-over-Year Change
1.65%
Date Range
1/1/1954 - 1/1/2019
Summary
The Price Level of Household Consumption for Jordan tracks changes in the overall price level of goods and services consumed by Jordanian households. It is a key indicator of inflation and consumer purchasing power in the Jordanian 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 measures the average change in prices paid by Jordanian consumers for a basket of household goods and services. It is used by policymakers, economists, and analysts to assess the cost of living and inflationary pressures in Jordan's domestic market.
Methodology
The data is collected through a nationwide survey of consumer prices conducted by the Jordanian Department of Statistics.
Historical Context
The Price Level of Household Consumption is closely monitored by the Central Bank of Jordan to help guide monetary policy decisions.
Key Facts
- The index has a base year of 2010.
- Jordan's household consumption prices rose by 3.2% in 2021.
- Food and non-alcoholic beverages account for over a third of the consumption basket.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Jordan tracks changes in the overall prices paid by Jordanian consumers for a basket of household goods and services.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflation and consumer purchasing power in Jordan, and is closely monitored by policymakers and economists to assess the cost of living and guide economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices conducted by the Jordanian Department of Statistics.
Q: How is this trend used in economic policy?
A: The Price Level of Household Consumption is closely monitored by the Central Bank of Jordan to help guide monetary policy decisions aimed at maintaining price stability and supporting economic growth.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a short lag, providing timely information on inflationary pressures in the Jordanian economy.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Jordan (PLCCPPJOA670NRUG), retrieved from FRED.