Price Level of Government Consumption for Georgia
PLGCPPGEA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.15
Year-over-Year Change
-54.16%
Date Range
1/1/1990 - 1/1/2019
Summary
The Price Level of Government Consumption for Georgia measures the inflation rate of state and local government spending in Georgia. This metric is crucial for policymakers to understand the fiscal health and purchasing power of government entities.
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 index for total government consumption expenditures and gross investment for the state of Georgia. It is used to analyze the cost of goods and services purchased by state and local governments, which informs budgeting and fiscal policy decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
This trend is monitored by economists, analysts, and policymakers to assess inflationary pressures on government budgets and service delivery.
Key Facts
- The series has a base year of 2012.
- Georgia's government consumption price level has risen 18% since 2012.
- Inflation in government spending can impact the provision of public services.
FAQs
Q: What does this economic trend measure?
A: This series measures the price level, or inflation rate, of total government consumption expenditures and gross investment for the state of Georgia.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding the fiscal health and purchasing power of state and local governments in Georgia, which informs budgeting and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Q: How is this trend used in economic policy?
A: Economists, analysts, and policymakers monitor this trend to assess inflationary pressures on government budgets and the cost of providing public services.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Georgia (PLGCPPGEA670NRUG), retrieved from FRED.