Price Level of Household Consumption for Namibia
PLCCPPNAA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.48
Year-over-Year Change
-3.63%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Household Consumption for Namibia is an economic indicator that measures the general price level of goods and services consumed by households in Namibia. It is a key metric for understanding inflation and consumer purchasing power.
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 changes in the average price level of a basket of consumer goods and services typically purchased by Namibian households. It is used by policymakers, economists, and market analysts to assess the cost of living and evaluate the effectiveness of economic policies.
Methodology
The data is collected through surveys of consumer expenditures and prices across Namibia and calculated using a weighted average.
Historical Context
The Price Level of Household Consumption is an important input for monetary and fiscal policy decisions in Namibia.
Key Facts
- The base year for the index is 2015.
- Namibia's household consumption accounts for over 60% of its GDP.
- The index is published on a quarterly basis by the Namibia Statistics Agency.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Namibia measures the average change in prices of goods and services typically purchased by Namibian households.
Q: Why is this trend relevant for users or analysts?
A: This index is a crucial indicator of inflation and consumer purchasing power, which are important for policymakers, economists, and market analysts in Namibia.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices across Namibia and calculated using a weighted average.
Q: How is this trend used in economic policy?
A: The Price Level of Household Consumption is an important input for monetary and fiscal policy decisions in Namibia, as it helps assess the cost of living and the effectiveness of economic policies.
Q: Are there update delays or limitations?
A: The index is published on a quarterly basis by the Namibia Statistics Agency, with a typical 3-month delay in data availability.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Namibia (PLCCPPNAA670NRUG), retrieved from FRED.