Price Level of Household Consumption for Saint Kitts and Nevis
PLCCPPKNA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.89
Year-over-Year Change
22.83%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Household Consumption for Saint Kitts and Nevis measures the average price level of consumer goods and services purchased by households in the country. This metric is important for economists and policymakers to understand the cost of living and inflation 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
This economic indicator represents the price level of household consumption expenditures in Saint Kitts and Nevis. It is used to assess changes in the purchasing power of consumers and evaluate the country's overall price inflation.
Methodology
The data is collected through household surveys and compiled by the national statistical agency.
Historical Context
Policymakers use this metric to inform monetary and fiscal policies aimed at maintaining price stability and supporting consumer purchasing power.
Key Facts
- Saint Kitts and Nevis is a small island nation in the Caribbean.
- Household consumption accounts for a significant portion of the country's GDP.
- Price stability is a key policy objective for the Eastern Caribbean Central Bank.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Saint Kitts and Nevis measures the average price level of consumer 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 cost of living and inflation trends in Saint Kitts and Nevis, which is crucial information for consumers, businesses, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and compiled by the national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to inform monetary and fiscal policies aimed at maintaining price stability and supporting consumer purchasing power.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in publication, and the accuracy can be influenced by the sampling and survey methods used.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Saint Kitts and Nevis (PLCCPPKNA670NRUG), retrieved from FRED.