Price Level of Household Consumption for Saint Vincent and the Grenadines
PLCCPPVCA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.67
Year-over-Year Change
9.93%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Household Consumption for Saint Vincent and the Grenadines measures the average price level of goods and services consumed by households in the country. This economic indicator is useful for analyzing domestic inflation and purchasing power trends.
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 series represents the price level of household consumption expenditures in Saint Vincent and the Grenadines. It serves as a key measure of consumer inflation and can provide insights into the cost of living and standards of living within the country.
Methodology
The data is collected through household surveys and compiled by the country's statistical agencies.
Historical Context
Policymakers and analysts use this price index to inform decisions around monetary and fiscal policies.
Key Facts
- The base year for this index is 2010.
- Saint Vincent and the Grenadines is an island country in the southern Caribbean Sea.
- Household consumption accounts for a significant portion of GDP in the country.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price level of goods and services consumed by households in Saint Vincent and the Grenadines.
Q: Why is this trend relevant for users or analysts?
A: This price index is a key indicator of consumer inflation and purchasing power, which are important for understanding standards of living and informing economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and compiled by the country's statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this price index to inform decisions around monetary and fiscal policies, such as adjusting interest rates or government spending to manage inflation.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the statistical agencies responsible for its collection and compilation.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Saint Vincent and the Grenadines (PLCCPPVCA670NRUG), retrieved from FRED.