Price Level of Household Consumption for Lesotho
PLCCPPLSA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.42
Year-over-Year Change
18.08%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Household Consumption for Lesotho measures the overall price changes for consumer goods and services purchased by households in Lesotho. This metric is a key indicator of inflation and purchasing power in the Lesotho 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 Lesotho is an index that tracks the changes in prices paid by consumers in Lesotho for a representative basket of goods and services. It serves as an important gauge of the cost of living and consumer price trends within the country.
Methodology
The data is calculated by the Lesotho Bureau of Statistics based on a survey of household expenditures.
Historical Context
This price index is closely monitored by the Central Bank of Lesotho and other policymakers to inform monetary and fiscal policies.
Key Facts
- Lesotho is a small, landlocked country in Southern Africa.
- Consumer prices in Lesotho have risen by over 5% annually on average in recent years.
- The household consumption price index is a key input for the Central Bank of Lesotho's inflation targeting policies.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Lesotho measures the overall changes in prices paid by consumers in Lesotho for a representative basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: This price index is a critical indicator of inflation and purchasing power within the Lesotho economy, informing policy decisions by the Central Bank and other stakeholders.
Q: How is this data collected or calculated?
A: The data is calculated by the Lesotho Bureau of Statistics based on a survey of household expenditures.
Q: How is this trend used in economic policy?
A: The household consumption price index is closely monitored by the Central Bank of Lesotho to help set monetary and fiscal policies aimed at maintaining price stability.
Q: Are there update delays or limitations?
A: The price index data is published on a monthly basis, but there may be lags of several weeks before the latest figures are released.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Lesotho (PLCCPPLSA670NRUG), retrieved from FRED.