Price Level of Consumption for Cote d`Ivoire
PLOCONCIA622NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67.65
Year-over-Year Change
12.29%
Date Range
1/1/1960 - 1/1/2010
Summary
The Price Level of Consumption for Cote d'Ivoire measures the general price level of goods and services consumed by households in the country. It is a key indicator for evaluating economic conditions and the standard of living.
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 index tracks the cost of a representative basket of consumer goods and services, providing insight into inflationary pressures and purchasing power within the Ivorian economy. Economists and policymakers use this data to inform economic and monetary policy decisions.
Methodology
The data is collected through surveys of consumer expenditures and calculated as a price index by the Ivorian national statistical agency.
Historical Context
The Price Level of Consumption is used to monitor consumer price inflation and assess the effectiveness of economic policies.
Key Facts
- The index base year is 2018.
- Cote d'Ivoire is the world's largest producer and exporter of cocoa beans.
- The country's economy is heavily dependent on agricultural exports.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Consumption for Cote d'Ivoire measures the general price level of goods and services consumed by households in the country.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into inflationary pressures and purchasing power within the Ivorian economy, which is crucial for evaluating economic conditions and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and calculated as a price index by the Ivorian national statistical agency.
Q: How is this trend used in economic policy?
A: The Price Level of Consumption is used to monitor consumer price inflation and assess the effectiveness of economic policies in Cote d'Ivoire.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and methodological updates of the Ivorian national statistical agency.
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Citation
U.S. Federal Reserve, Price Level of Consumption for Cote d`Ivoire (PLOCONCIA622NUPN), retrieved from FRED.