Price Level of Household Consumption for Comoros
PLCCPPKMA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.48
Year-over-Year Change
-13.52%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Household Consumption for Comoros measures the overall price changes for goods and services purchased by households in Comoros. This indicator is important for understanding the country's inflation and cost-of-living trends.
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 tracks the prices paid by Comorian households for a representative basket of consumer goods and services. It serves as a key gauge of the purchasing power and standard of living in the country.
Methodology
The data is calculated by the World Bank based on national accounts and price surveys.
Historical Context
Policymakers and analysts use this metric to assess the inflationary environment and inform economic and monetary policy decisions.
Key Facts
- Comoros is a small island nation in the Indian Ocean.
- Household consumption accounts for a significant portion of the country's GDP.
- The price level has risen steadily in recent years due to global inflation pressures.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Comoros 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 metric is important for understanding the country's inflation and cost-of-living trends, which inform economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank based on national accounts and price surveys.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the inflationary environment and inform economic and monetary policy decisions in Comoros.
Q: Are there update delays or limitations?
A: The data is published with some delay and may not fully capture rapid changes in the Comorian economy.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Comoros (PLCCPPKMA670NRUG), retrieved from FRED.