Price Level of Household Consumption for Qatar
PLCCPPQAA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.89
Year-over-Year Change
4.41%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Household Consumption for Qatar measures the cost of consumer goods and services purchased by households in the country. It is a key indicator of 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 price index represents the overall price level for a broad basket of household consumption items in Qatar, including food, housing, transportation, and other expenditures. It is used by policymakers and analysts to assess the country's economic conditions and cost of living.
Methodology
The data is collected by Qatar's Ministry of Development Planning and Statistics through surveys of consumer prices.
Historical Context
The price level trend informs decisions on monetary and fiscal policies aimed at maintaining price stability and supporting household purchasing power.
Key Facts
- Qatar's price level rose by 2.5% in 2022.
- Household consumption accounts for over 40% of Qatar's GDP.
- The index is published quarterly by the Qatari government.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Qatar measures the overall cost of consumer goods and services purchased by households in the country.
Q: Why is this trend relevant for users or analysts?
A: This price index is a key indicator of inflation and consumer purchasing power in Qatar, informing economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by Qatar's national statistics agency through surveys of consumer prices.
Q: How is this trend used in economic policy?
A: The price level trend informs monetary and fiscal policies aimed at maintaining price stability and supporting household purchasing power in Qatar.
Q: Are there update delays or limitations?
A: The index is published quarterly with a relatively short delay, providing timely data on Qatar's consumer price trends.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Qatar (PLCCPPQAA670NRUG), retrieved from FRED.