Price Level of Household Consumption for the former Yugoslav Republic of Macedonia
PLCCPPMKA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.40
Year-over-Year Change
-9.52%
Date Range
1/1/1990 - 1/1/2019
Summary
This economic trend measures the price level of household consumption in the former Yugoslav Republic of Macedonia. It provides insight into the cost of living and inflationary pressures faced by consumers in the region.
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 the former Yugoslav Republic of Macedonia is an index that tracks the overall price changes for goods and services purchased by households. It is a key indicator used by economists and policymakers to assess the country's economic conditions and the purchasing power of consumers.
Methodology
The data is collected through surveys of household expenditures and calculated using a base-weighted price index.
Historical Context
This metric is closely monitored by the government and central bank to inform monetary and fiscal policies aimed at maintaining price stability.
Key Facts
- The base year for the index is 2010.
- Household consumption accounts for over 60% of Macedonia's GDP.
- Inflation has averaged around 2% annually in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the overall price level of goods and services purchased by households in the former Yugoslav Republic of Macedonia.
Q: Why is this trend relevant for users or analysts?
A: The price level of household consumption is a crucial indicator of the cost of living and inflationary pressures faced by consumers, which informs economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of household expenditures and calculated using a base-weighted price index.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by the government and central bank to inform monetary and fiscal policies aimed at maintaining price stability.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule with minimal delays, providing timely insights into Macedonia's consumer price dynamics.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for the former Yugoslav Republic of Macedonia (PLCCPPMKA670NRUG), retrieved from FRED.