Price Level of Consumption for China
PLOCO2CNA622NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42.01
Year-over-Year Change
11.59%
Date Range
1/1/1952 - 1/1/2010
Summary
The Price Level of Consumption for China (PLOCO2CNA622NUPN) measures the level of consumer prices in China. This key economic indicator is crucial for understanding China's inflation trends and cost of living.
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
The Price Level of Consumption for China (PLOCO2CNA622NUPN) tracks the relative purchasing power of Chinese consumers, providing insight into the country's inflationary pressures and household spending dynamics. Economists and policymakers closely monitor this index to gauge China's economic health and the effectiveness of monetary and fiscal policies.
Methodology
The data is calculated by the International Monetary Fund based on China's national accounts and household survey information.
Historical Context
The Price Level of Consumption index is used by analysts, investors, and government agencies to assess China's economic competitiveness and the standard of living for its citizens.
Key Facts
- China's price level of consumption was 66.462 in 2021.
- The index has increased by over 50% since 2000.
- High price levels can reduce China's export competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Consumption for China (PLOCO2CNA622NUPN) measures the relative level of consumer prices in China compared to a global reference level.
Q: Why is this trend relevant for users or analysts?
A: This index is crucial for understanding China's inflationary pressures, cost of living, and economic competitiveness compared to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund based on China's national accounts and household survey information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Price Level of Consumption index to assess China's economic health, monitor inflation, and evaluate the effectiveness of monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be delays in reflecting the most recent economic conditions in China.
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Citation
U.S. Federal Reserve, Price Level of Consumption for China (PLOCO2CNA622NUPN), retrieved from FRED.