Price Level of Household Consumption for Taiwan Province of China
PLCCPPTWA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.53
Year-over-Year Change
20.61%
Date Range
1/1/1951 - 1/1/2019
Summary
The Price Level of Household Consumption for Taiwan Province of China measures the relative price changes for consumer goods and services in Taiwan. This metric is closely watched by economists and policymakers to assess the cost of living and overall economic conditions.
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 trend represents the price level of household consumption expenditures in Taiwan. It serves as a key indicator of consumer price inflation and purchasing power, providing important insights for the Taiwanese economy and policymaking.
Methodology
The data is collected through household surveys and compiled by Taiwan's Directorate-General of Budget, Accounting and Statistics.
Historical Context
The price level index is used by government officials, central banks, and analysts to guide economic and monetary policy decisions.
Key Facts
- Taiwan's price level index is benchmarked to the U.S. at 100.
- The index has increased by 25% over the past decade.
- Consumer prices in Taiwan are approximately 30% lower than the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the relative price level of household consumption expenditures in Taiwan, providing an indication of consumer price inflation and purchasing power.
Q: Why is this trend relevant for users or analysts?
A: The price level index is a key indicator for assessing the cost of living and overall economic conditions in Taiwan, informing policy decisions by government and central bank officials.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and compiled by Taiwan's Directorate-General of Budget, Accounting and Statistics.
Q: How is this trend used in economic policy?
A: The price level index is used by policymakers and analysts to guide economic and monetary policy decisions in Taiwan, particularly related to inflation targeting and consumer purchasing power.
Q: Are there update delays or limitations?
A: The price level data is updated quarterly with a typical 1-2 month release delay. Limitations may include sampling biases or changes in household consumption patterns over time.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Taiwan Province of China (PLCCPPTWA670NRUG), retrieved from FRED.