Price Level of Household Consumption for Lebanon
PLCCPPLBA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.74
Year-over-Year Change
52.33%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Household Consumption for Lebanon (PLCCPPLBA670NRUG) measures the overall price level for goods and services purchased by Lebanese households. This key economic indicator provides insights into inflation and consumer spending patterns.
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 Lebanon is an index that tracks the average change in prices paid by Lebanese households for a representative basket of consumer goods and services. It is a crucial metric for analyzing cost-of-living, purchasing power, and the overall state of the Lebanese economy.
Methodology
The data is calculated based on price surveys and expenditure patterns collected by the Lebanese Central Administration of Statistics.
Historical Context
Policymakers and economists use this index to inform decisions on monetary policy, fiscal policy, and consumer protection.
Key Facts
- The base year for the index is 2015.
- Lebanon's household consumption accounts for over 80% of its GDP.
- Tracking this index is critical for understanding purchasing power and inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Lebanon measures the average change in prices paid by Lebanese households for a basket of consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflation, purchasing power, and the overall state of the Lebanese economy, making it essential for policymakers, economists, and consumers.
Q: How is this data collected or calculated?
A: The data is calculated by the Lebanese Central Administration of Statistics based on price surveys and expenditure patterns.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to inform decisions on monetary policy, fiscal policy, and consumer protection measures.
Q: Are there update delays or limitations?
A: The data is published regularly by the Lebanese government, but there may be occasional delays or changes in methodology that users should be aware of.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Lebanon (PLCCPPLBA670NRUG), retrieved from FRED.