Price Level of Consumption for Belarus
PLOCONBYA622NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.38
Year-over-Year Change
-4.90%
Date Range
1/1/1994 - 1/1/2010
Summary
The Price Level of Consumption for Belarus measures the price level of consumer goods and services in Belarus relative to the United States. It is an important economic indicator 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 Belarus is an index that compares the general price level of consumer items in Belarus to the United States, which has a value of 100. It provides insight into the overall affordability of goods and services within the Belarusian economy.
Methodology
The data is calculated by the World Bank using price surveys and national accounts information.
Historical Context
This trend is used by economists, policymakers, and investors to assess the competitiveness and living standards in Belarus relative to other countries.
Key Facts
- Belarus has a price level index of around 40 compared to the U.S.
- The price level index has remained relatively stable over the past decade.
- Consumption prices in Belarus are significantly lower than the United States.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Consumption for Belarus measures the general price level of consumer goods and services in the country relative to the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the affordability and purchasing power of consumers in Belarus, which is relevant for understanding the country's cost of living, competitiveness, and standard of living.
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 and economists use this trend to assess the competitiveness of the Belarusian economy and the standard of living for consumers, which can inform decisions on trade, investment, and social policies.
Q: Are there update delays or limitations?
A: The Price Level of Consumption for Belarus is updated annually by the World Bank, so there may be a delay of up to a year in the most recent data.
Related Trends
Price Level of Consumption for Mexico
PLOCONMXA622NUPN
Price Level of GDP, average of GEKS-CPDW for Comoros
PL2GDPKMA621NUPN
Price Level of GDP, G-K method for Sierra Leone
PLOGDPSLA621NUPN
Price Level of GDP, G-K method for Ghana
PLOGDPGHA621NUPN
Price Level of Investment for Iran
PLOINVIRA624NUPN
Price Level of Government Consumption for Puerto Rico
PLOGINPRA623NUPN
Citation
U.S. Federal Reserve, Price Level of Consumption for Belarus (PLOCONBYA622NUPN), retrieved from FRED.