Price Level of Consumption for Belgium
PLOCONBEA622NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118.38
Year-over-Year Change
17.65%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of Consumption for Belgium is an economic indicator that measures the general price level of consumer goods and services in the country. It is a key metric for assessing the cost of living and inflation trends.
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 Belgium is an index that tracks the average change in prices paid by Belgian consumers for a basket of common goods and services. It is a valuable tool for economists and policymakers to monitor the purchasing power of the Belgian currency and inform decisions about monetary and fiscal policy.
Methodology
The data is collected by the Belgian statistical agency based on a survey of consumer prices.
Historical Context
Policymakers use this index to evaluate the effectiveness of inflation-targeting measures and guide decisions about interest rates and other economic interventions.
Key Facts
- The index has a base year of 2012.
- Belgium's price level of consumption has risen by 9.4% since 2015.
- The index is released monthly by the Belgian National Bank.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Consumption for Belgium measures the average change in prices paid by Belgian consumers for a basket of common goods and services.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflation and the purchasing power of the Belgian currency, making it important for economic analysis, policy decisions, and consumer awareness.
Q: How is this data collected or calculated?
A: The data is collected by the Belgian statistical agency based on a survey of consumer prices.
Q: How is this trend used in economic policy?
A: Policymakers use this index to evaluate the effectiveness of inflation-targeting measures and guide decisions about interest rates and other economic interventions.
Q: Are there update delays or limitations?
A: The index is released monthly by the Belgian National Bank with no significant update delays.
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Citation
U.S. Federal Reserve, Price Level of Consumption for Belgium (PLOCONBEA622NUPN), retrieved from FRED.