Price Level of Household Consumption for Zimbabwe
PLCCPPZWA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.49
Year-over-Year Change
2.34%
Date Range
1/1/1954 - 1/1/2019
Summary
The Price Level of Household Consumption for Zimbabwe measures the overall price changes for goods and services purchased by Zimbabwean households. This metric is crucial for understanding inflationary pressures and the purchasing power of consumers.
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 national price index for household consumption expenditures in Zimbabwe. It tracks the cost of a representative basket of consumer goods and services over time, providing insight into the inflation experienced by typical Zimbabwean households.
Methodology
The data is collected through household surveys and compiled by the Zimbabwe National Statistics Agency.
Historical Context
The price level index is closely monitored by the Reserve Bank of Zimbabwe and international institutions to assess economic conditions and inform policy decisions.
Key Facts
- Zimbabwe has experienced hyperinflation in recent decades.
- The price level index is a key input for calculating real GDP growth.
- Monitoring household consumption is critical for understanding living standards.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Zimbabwe tracks the overall cost of goods and services purchased by typical Zimbabwean households.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding inflationary pressures and the purchasing power of Zimbabwean consumers, which is essential for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and compiled by the Zimbabwe National Statistics Agency.
Q: How is this trend used in economic policy?
A: The price level index is closely monitored by the Reserve Bank of Zimbabwe and international institutions to assess economic conditions and inform policy decisions.
Q: Are there update delays or limitations?
A: The availability and timeliness of this data may be subject to the capacity and reporting practices of the Zimbabwe National Statistics Agency.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Zimbabwe (PLCCPPZWA670NRUG), retrieved from FRED.