Price Level of Household Consumption for Kuwait
PLCCPPKWA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.62
Year-over-Year Change
2.51%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Household Consumption for Kuwait tracks changes in the overall price level of consumer goods and services purchased by Kuwaiti households. This metric is a key indicator of inflation and consumer purchasing power in the Kuwaiti 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
The Price Level of Household Consumption for Kuwait is an index that measures the average change in prices paid by Kuwaiti households for a basket of consumer goods and services. It serves as an important gauge of the cost of living and inflationary pressures in the country.
Methodology
The data is calculated by the Central Statistical Bureau of Kuwait based on a survey of household expenditures.
Historical Context
Policymakers use this index to inform monetary and fiscal policies aimed at maintaining price stability and supporting consumer demand.
Key Facts
- The base year for the index is 2013.
- Kuwait has experienced relatively low and stable inflation in recent years.
- Household consumption accounts for over 40% of Kuwait's GDP.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Kuwait measures the average change in prices paid by Kuwaiti households for consumer 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 Kuwait, and is used by policymakers to inform monetary and fiscal policies.
Q: How is this data collected or calculated?
A: The data is calculated by the Central Statistical Bureau of Kuwait based on a survey of household expenditures.
Q: How is this trend used in economic policy?
A: Policymakers use this index to monitor inflationary pressures and inform policies aimed at maintaining price stability and supporting consumer demand.
Q: Are there update delays or limitations?
A: The data is published on a regular basis with minimal update delays, providing timely information on Kuwaiti consumer price trends.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Kuwait (PLCCPPKWA670NRUG), retrieved from FRED.