Price Level of Household Consumption for Pakistan
PLCCPPPKA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.23
Year-over-Year Change
-4.73%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Household Consumption for Pakistan (PLCCPPPKA670NRUG) measures the relative cost of consumer goods and services in Pakistan. This key economic indicator provides insights into the purchasing power and inflationary pressures faced by Pakistani households.
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 PLCCPPPKA670NRUG series tracks the average change in prices paid by Pakistani consumers for a basket of household goods and services. It serves as an important gauge of domestic inflation and is closely monitored by policymakers, analysts, and businesses to understand consumer-driven economic trends.
Methodology
The data is collected through surveys of household expenditures and prices across Pakistan.
Historical Context
Policymakers use this metric to inform monetary and fiscal policies aimed at maintaining price stability and supporting consumer purchasing power.
Key Facts
- Pakistan's household consumption price level has risen by over 50% since 2010.
- Food and transportation costs are the largest components of the Pakistani consumer price index.
- High inflation erodes the purchasing power of Pakistani households.
FAQs
Q: What does this economic trend measure?
A: The PLCCPPPKA670NRUG series measures the average change in prices paid by Pakistani consumers for a basket of household goods and services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides key insights into domestic inflation and consumer purchasing power, which are critical for policymakers, businesses, and households in Pakistan.
Q: How is this data collected or calculated?
A: The data is collected through surveys of household expenditures and prices across Pakistan.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to inform monetary and fiscal policies aimed at maintaining price stability and supporting consumer purchasing power.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and potential limitations in geographic or product coverage due to Pakistan's economic conditions.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Pakistan (PLCCPPPKA670NRUG), retrieved from FRED.