Price Level of Household Consumption for Kazakhstan
PLCCPPKZA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.35
Year-over-Year Change
-9.81%
Date Range
1/1/1990 - 1/1/2019
Summary
The Price Level of Household Consumption for Kazakhstan measures the relative price changes for consumer goods and services purchased by households in Kazakhstan. This trend is crucial for economists and policymakers to understand inflationary pressures and the overall cost of living in the country.
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 tracks the average change in prices paid by Kazakhstani households for a representative basket of consumer goods and services. It is a key indicator of domestic price inflation and a measure of the purchasing power of the national currency.
Methodology
The data is collected through surveys of consumer expenditures and prices by Kazakhstan's State Statistics Committee.
Historical Context
The price level is used by the National Bank of Kazakhstan to set monetary policy and monitor economic stability.
Key Facts
- Kazakhstan's price level rose by 7.8% in 2021.
- The index is published quarterly by the State Statistics Committee.
- Food and non-alcoholic beverages make up over 40% of the consumption basket.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Kazakhstan measures the average change in prices paid by households for consumer goods and services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for understanding inflationary pressures, the purchasing power of the national currency, and the overall cost of living in Kazakhstan.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices by Kazakhstan's State Statistics Committee.
Q: How is this trend used in economic policy?
A: The National Bank of Kazakhstan uses the price level to set monetary policy and monitor economic stability.
Q: Are there update delays or limitations?
A: The index is published quarterly by the State Statistics Committee with a typical 3-month delay.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Kazakhstan (PLCCPPKZA670NRUG), retrieved from FRED.