Price Level of Consumption for Cyprus
PLOCONCYA622NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.73
Year-over-Year Change
24.09%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of Consumption for Cyprus is an economic indicator that measures the price level of consumer goods and services in Cyprus. It is a key metric for understanding the cost of living and inflationary pressures in the Cypriot economy.
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 Cyprus is an index that tracks the average change in prices paid by Cypriot consumers for a basket of household goods and services. It is used to assess the purchasing power of the Cypriot currency and to inform policy decisions related to monetary and fiscal policy.
Methodology
The data is collected through surveys of household expenditures and prices by the Statistical Service of Cyprus.
Historical Context
This trend is closely monitored by the Central Bank of Cyprus and the European Central Bank for its implications on monetary policy and economic stability.
Key Facts
- The base year for the Price Level of Consumption for Cyprus is 2015.
- Cyprus is a member of the Eurozone, so this trend is relevant for the broader European monetary policy.
- The Price Level of Consumption for Cyprus reached its highest point in 2022.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Consumption for Cyprus measures the average change in prices paid by Cypriot consumers for a basket of household goods and services.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of the cost of living and inflationary pressures in the Cypriot economy, which is relevant for consumers, businesses, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of household expenditures and prices by the Statistical Service of Cyprus.
Q: How is this trend used in economic policy?
A: The Price Level of Consumption for Cyprus is closely monitored by the Central Bank of Cyprus and the European Central Bank for its implications on monetary policy and economic stability.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the Statistical Service of Cyprus, with some potential for minor delays in data reporting.
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Citation
U.S. Federal Reserve, Price Level of Consumption for Cyprus (PLOCONCYA622NUPN), retrieved from FRED.