Price Level of Consumption for Bangladesh
PLOCONBDA622NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.41
Year-over-Year Change
0.47%
Date Range
1/1/1959 - 1/1/2010
Summary
The Price Level of Consumption for Bangladesh measures the relative prices of goods and services consumed by households in Bangladesh. This data provides insights into the cost of living and inflationary pressures in the Bangladeshi economy.
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 Bangladesh is an index that compares the average price level of consumption goods and services in Bangladesh to a base year. It is used by economists and policymakers to assess the purchasing power of Bangladeshi consumers and track changes in the overall cost of living.
Methodology
This data is collected by the Bangladeshi Bureau of Statistics through consumer price surveys.
Historical Context
The Price Level of Consumption index informs monetary and fiscal policy decisions in Bangladesh.
Key Facts
- Bangladesh is a major emerging economy in South Asia.
- The Bangladeshi Taka is the national currency.
- Household consumption accounts for over 70% of Bangladesh's GDP.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Consumption for Bangladesh measures the relative prices of goods and services consumed by households in the country.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the cost of living and inflationary pressures in the Bangladeshi economy, which is crucial for economic policymaking and consumer decision-making.
Q: How is this data collected or calculated?
A: The data is collected by the Bangladeshi Bureau of Statistics through consumer price surveys.
Q: How is this trend used in economic policy?
A: The Price Level of Consumption index informs monetary and fiscal policy decisions in Bangladesh, as it reflects the purchasing power of consumers and overall cost of living.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological changes of the Bangladeshi Bureau of Statistics.
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Citation
U.S. Federal Reserve, Price Level of Consumption for Bangladesh (PLOCONBDA622NUPN), retrieved from FRED.