Price Level of Consumption for Central African Republic
PLOCONCFA622NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64.04
Year-over-Year Change
26.84%
Date Range
1/1/1960 - 1/1/2010
Summary
The Price Level of Consumption for Central African Republic tracks changes in the cost of consumer goods and services in the country. This key economic indicator is vital for understanding the cost of living and inflation.
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 is an index that measures the average change in prices paid by consumers for a basket of goods and services in Central African Republic. It serves as an important metric for assessing the purchasing power and standard of living in the country.
Methodology
The data is collected through surveys of household expenditures and prices across a representative sample of consumer goods and services.
Historical Context
This inflation indicator is closely monitored by policymakers, economists, and investors to assess the health of the Central African Republic economy.
Key Facts
- The base year for the index is 2010.
- Consumption accounts for over 80% of GDP in Central African Republic.
- Rapid inflation has been a persistent challenge in the country.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Consumption for Central African Republic tracks changes in the average prices paid by consumers for a basket of goods and services in the country.
Q: Why is this trend relevant for users or analysts?
A: This inflation indicator is crucial for understanding the cost of living, purchasing power, and overall economic conditions in Central African Republic.
Q: How is this data collected or calculated?
A: The data is collected through surveys of household expenditures and prices across a representative sample of consumer goods and services.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and investors closely monitor this inflation indicator to assess the health of the Central African Republic economy and inform economic policies.
Q: Are there update delays or limitations?
A: There may be lags in data reporting due to the challenges of data collection in Central African Republic.
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Citation
U.S. Federal Reserve, Price Level of Consumption for Central African Republic (PLOCONCFA622NUPN), retrieved from FRED.