Price Level of Consumption for Antigua and Barbuda
PLOCONAGA622NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
82.00
Year-over-Year Change
-6.00%
Date Range
1/1/1970 - 1/1/2010
Summary
The Price Level of Consumption for Antigua and Barbuda measures the relative cost of consumer goods and services in the country compared to the United States. It is an important indicator for economists and policymakers assessing the purchasing power and cost of living in Antigua and Barbuda.
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 Antigua and Barbuda is an index that compares the overall price level of consumer items in Antigua and Barbuda to the price level in the United States. It provides insight into the relative affordability of goods and services for residents and helps analysts evaluate the country's economic competitiveness.
Methodology
The data is calculated by the World Bank using price surveys and national accounts information.
Historical Context
This trend is used by policymakers, multinational organizations, and investors to gauge the cost of living and assess Antigua and Barbuda's economic conditions.
Key Facts
- The index is benchmarked to the United States, which has a value of 100.
- In 2020, the price level in Antigua and Barbuda was 82.6% of the U.S. level.
- The index has fluctuated between 80-85% of the U.S. level over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Consumption for Antigua and Barbuda measures the relative cost of consumer goods and services in the country compared to the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the purchasing power and cost of living in Antigua and Barbuda, which is important for evaluating the country's economic competitiveness and conditions.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using price surveys and national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers, multinational organizations, and investors use this trend to gauge the cost of living and assess Antigua and Barbuda's economic conditions.
Q: Are there update delays or limitations?
A: The data is published regularly by the World Bank, but may have a delay of several months from the reference period.
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Citation
U.S. Federal Reserve, Price Level of Consumption for Antigua and Barbuda (PLOCONAGA622NUPN), retrieved from FRED.