Price Level of Household Consumption for Republic of Moldova
PLCCPPMDA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.37
Year-over-Year Change
28.55%
Date Range
1/1/1990 - 1/1/2019
Summary
The Price Level of Household Consumption for Republic of Moldova measures the price changes for goods and services consumed by Moldovan households. This metric is a key indicator of inflation and consumer purchasing power in the Moldovan 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
This indicator tracks the cost of a representative basket of consumer goods and services over time, providing insight into broader price trends. It is used by policymakers, analysts, and businesses to understand changes in the Moldovan cost of living and inform economic decision-making.
Methodology
The data is collected through surveys of Moldovan households and businesses, and calculated using a weighted index formula.
Historical Context
The Price Level of Household Consumption is an important statistic for evaluating the state of the Moldovan consumer market and informing monetary and fiscal policies.
Key Facts
- The base year for the index is 2015.
- Moldova's household consumption price level has increased by 25% since 2015.
- Prices for food, housing, and transportation make up the largest components of the index.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Republic of Moldova measures the changes in prices for a representative basket of consumer goods and services purchased by Moldovan households.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the cost of living and inflationary pressures facing Moldovan consumers, which is crucial information for policymakers, businesses, and households.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Moldovan households and businesses, and calculated using a weighted index formula.
Q: How is this trend used in economic policy?
A: The Price Level of Household Consumption is an important indicator for the National Bank of Moldova and other policymakers when evaluating monetary and fiscal policies to manage inflation and support consumer purchasing power.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month delay, and may be subject to periodic revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Republic of Moldova (PLCCPPMDA670NRUG), retrieved from FRED.