Price Level of Consumption for Chile
PLOCONCLA622NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80.68
Year-over-Year Change
0.98%
Date Range
1/1/1951 - 1/1/2010
Summary
The Price Level of Consumption for Chile (PLOCONCLA622NUPN) measures the relative price level of consumer goods and services in Chile compared to the United States. This metric is important for economists and policymakers to assess the affordability of Chilean goods and services.
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 Chile (PLOCONCLA622NUPN) is an index that compares the price level of consumer goods and services in Chile to the price level in the United States. It provides insight into the purchasing power and cost of living in the Chilean economy relative to the U.S.
Methodology
This data is calculated based on price surveys and national accounts data.
Historical Context
The Price Level of Consumption for Chile is used by economists, investors, and policymakers to analyze the competitiveness and standard of living in the Chilean economy.
Key Facts
- Chile's price level is approximately 60% of the U.S. level.
- The Price Level of Consumption for Chile has remained relatively stable over the past decade.
- Comparisons of the price level can inform trade and investment decisions.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Consumption for Chile (PLOCONCLA622NUPN) measures the relative price level of consumer goods and services in Chile compared to the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the affordability of Chilean goods and services, and can inform economic analysis, investment decisions, and policy considerations.
Q: How is this data collected or calculated?
A: The data is calculated based on price surveys and national accounts data.
Q: How is this trend used in economic policy?
A: The Price Level of Consumption for Chile is used by economists, investors, and policymakers to analyze the competitiveness and standard of living in the Chilean economy.
Q: Are there update delays or limitations?
A: The data is updated regularly, but there may be some delays in reporting due to the time required for data collection and analysis.
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Citation
U.S. Federal Reserve, Price Level of Consumption for Chile (PLOCONCLA622NUPN), retrieved from FRED.