Price Level of Household Consumption for Nepal
PLCCPPNPA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.29
Year-over-Year Change
6.76%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Household Consumption for Nepal is an important economic indicator that measures the average change in prices paid by Nepalese households for a basket of consumer goods and services.
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 provides insight into the overall price inflation experienced by Nepalese consumers, which is crucial for policymakers to monitor and manage the country's economic stability and living standards.
Methodology
The data is collected through regular household surveys conducted by the Nepalese government.
Historical Context
The price level is used to adjust other economic metrics, such as GDP, to account for the effects of inflation.
Key Facts
- The base year for the index is 2010.
- The index has risen by 25% since 2010, indicating significant price inflation.
- Nepalese households allocate the largest share of their budget to food and housing.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Nepal measures the average change in prices paid by Nepalese households for a basket of consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: This index provides crucial insight into the overall price inflation experienced by Nepalese consumers, which is essential for policymakers to monitor and manage the country's economic stability and living standards.
Q: How is this data collected or calculated?
A: The data is collected through regular household surveys conducted by the Nepalese government.
Q: How is this trend used in economic policy?
A: The price level is used to adjust other economic metrics, such as GDP, to account for the effects of inflation, which is crucial for policymakers to make informed decisions.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Nepalese government, but there may be occasional delays or revisions due to the nature of household survey data collection.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Nepal (PLCCPPNPA670NRUG), retrieved from FRED.