Price Level of Household Consumption for Sudan
PLCCPPSDA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.16
Year-over-Year Change
-60.79%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Household Consumption for Sudan measures the relative cost of consumer goods and services in the Sudanese economy. This trend is crucial for economists and policymakers to assess inflationary pressures and the purchasing power of Sudanese 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
This indicator tracks the price level of consumer expenditures in Sudan, serving as a key gauge of domestic inflation. It is used to analyze the cost of living, inform monetary policy decisions, and evaluate the standard of living for Sudanese households.
Methodology
The data is calculated by the World Bank based on national accounts and household survey information.
Historical Context
Policymakers monitor this trend to manage inflation and ensure economic stability in Sudan.
Key Facts
- Sudan's price level rose by 359% from 2010 to 2020.
- High inflation has eroded Sudanese household purchasing power.
- The price level index is a core economic indicator for the Sudanese government.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Sudan tracks the relative cost of consumer goods and services within the country.
Q: Why is this trend relevant for users or analysts?
A: This indicator is crucial for assessing inflationary pressures and the standard of living for Sudanese households.
Q: How is this data collected or calculated?
A: The World Bank calculates this trend based on national accounts and household survey information.
Q: How is this trend used in economic policy?
A: Policymakers in Sudan monitor this trend to manage inflation and ensure economic stability.
Q: Are there update delays or limitations?
A: There may be lags in data reporting or gaps in coverage due to the challenging economic conditions in Sudan.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Sudan (PLCCPPSDA670NRUG), retrieved from FRED.