Price Level of Consumption for United Arab Emirates
PLOCONAEA622NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91.04
Year-over-Year Change
58.07%
Date Range
1/1/1986 - 1/1/2010
Summary
The Price Level of Consumption for United Arab Emirates is an economic indicator that measures the cost of consumer goods and services in the UAE. It is a key metric for understanding the purchasing power and cost of living in the country.
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 United Arab Emirates is an index that tracks the changes in the prices paid by consumers for a basket of goods and services. It serves as an important benchmark for evaluating the country's inflation rate and the affordability of consumer expenditures.
Methodology
The data is calculated by the International Monetary Fund based on price surveys and national accounts data.
Historical Context
Policymakers and analysts use this trend to inform decisions around monetary policy, fiscal policy, and standards of living.
Key Facts
- The UAE has one of the highest price levels for consumption goods in the Middle East region.
- Consumption prices in the UAE are approximately 31% higher than the global average.
- The UAE government closely monitors the price level to maintain economic stability and affordability.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Consumption for United Arab Emirates measures the cost of a basket of consumer goods and services in the UAE.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the purchasing power and cost of living in the UAE, which informs policy decisions and standards of living analysis.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund based on price surveys and national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to inform decisions around monetary policy, fiscal policy, and standards of living in the UAE.
Q: Are there update delays or limitations?
A: The data is published regularly by the IMF, but may have some delays in reporting compared to more immediate price indices.
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Citation
U.S. Federal Reserve, Price Level of Consumption for United Arab Emirates (PLOCONAEA622NUPN), retrieved from FRED.