Price Level of Consumption for Burundi
PLOCONBIA622NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.13
Year-over-Year Change
-34.36%
Date Range
1/1/1960 - 1/1/2010
Summary
The Price Level of Consumption for Burundi measures the level of consumer prices in the country, providing valuable insights into the cost of living and economic conditions.
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
This indicator represents the price level of private consumption expenditure, a key component of gross domestic product (GDP). It is used to analyze the relative purchasing power and inflationary pressures within the Burundian economy.
Methodology
The data is collected and calculated by the World Bank as part of their International Comparison Program.
Historical Context
Policymakers and economists monitor this trend to assess the country's economic performance and make informed decisions.
Key Facts
- Burundi is a landlocked country in East Africa.
- The price level of consumption in Burundi is one of the lowest in the world.
- Monitoring the price level helps policymakers understand the country's economic development.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Consumption for Burundi measures the level of consumer prices in the country, providing insights into the cost of living and economic conditions.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the relative purchasing power and inflationary pressures within the Burundian economy, which is crucial for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank as part of their International Comparison Program.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the country's economic performance and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published periodically by the World Bank, and there may be some delays in availability.
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Citation
U.S. Federal Reserve, Price Level of Consumption for Burundi (PLOCONBIA622NUPN), retrieved from FRED.