Price Level of Household Consumption for United Republic of Tanzania
PLCCPPTZA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.36
Year-over-Year Change
26.63%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Household Consumption for United Republic of Tanzania measures the price changes of consumer goods and services purchased by households in the country. This metric is crucial for understanding the cost of living and inflation dynamics.
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 economic indicator tracks the general price level of a basket of consumer goods and services representative of typical household expenditures in Tanzania. It is used by policymakers, economists, and market analysts to assess inflationary pressures and make informed decisions about monetary and fiscal policies.
Methodology
The data is collected through household surveys and compiled by the Tanzanian National Bureau of Statistics.
Historical Context
The Price Level of Household Consumption is a key input for the Reserve Bank of Tanzania's monetary policy decisions and can influence consumer and business confidence.
Key Facts
- The base year for the Price Level of Household Consumption is 2010.
- Tanzania's household consumption price index has increased by 34% since 2010.
- Food and non-alcoholic beverages account for the largest share of the consumption basket.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for United Republic of Tanzania measures the average change in prices of a basket of consumer goods and services purchased by households in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding the cost of living and inflationary pressures in Tanzania, which informs policymaking and business decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and compiled by the Tanzanian National Bureau of Statistics.
Q: How is this trend used in economic policy?
A: The Price Level of Household Consumption is a key input for the Reserve Bank of Tanzania's monetary policy decisions and can influence consumer and business confidence.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be some delays in the release of the latest figures.
Related Trends
Price Level of Capital Formation for Comoros
PLICPPKMA670NRUG
Price Level of the Capital Stock for United Kingdom
PLKCPPGBA670NRUG
Price Level of Imports for Djibouti
PLMCPPDJA670NRUG
Price Level of Government Consumption for Senegal
PLGCPPSNA670NRUG
Price Level of Imports for Kyrgyzstan
PLMCPPKGA670NRUG
Price Level of Government Consumption for Gabon
PLGCPPGAA670NRUG
Citation
U.S. Federal Reserve, Price Level of Household Consumption for United Republic of Tanzania (PLCCPPTZA670NRUG), retrieved from FRED.