Price Level of Household Consumption for Peru
PLCCPPPEA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.58
Year-over-Year Change
40.39%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Household Consumption for Peru measures the relative cost of consumer goods and services in Peru compared to the global average. This metric is critical for economists and policymakers to assess Peru's cost of living and 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
The Price Level of Household Consumption for Peru represents the domestic price level of household expenditures, such as food, housing, and transportation, relative to the global average price level. This index is used to gauge Peru's standard of living and competitiveness in international markets.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
Policymakers in Peru monitor this index to inform decisions around exchange rates, trade, and social welfare programs.
Key Facts
- The index is benchmarked to the global average of 100.
- Peru's index value was 59.3 in 2021, indicating relatively low prices.
- The index has increased steadily over the past decade as Peru's economy has grown.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Peru measures the relative price of consumer goods and services in Peru compared to the global average.
Q: Why is this trend relevant for users or analysts?
A: This index is crucial for assessing Peru's standard of living, cost competitiveness, and purchasing power within the global economy.
Q: How is this data collected or calculated?
A: The World Bank calculates this index using national accounts and price data from Peru.
Q: How is this trend used in economic policy?
A: Policymakers in Peru monitor this index to inform decisions around exchange rates, trade policy, and social welfare programs.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not capture short-term price fluctuations.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Peru (PLCCPPPEA670NRUG), retrieved from FRED.