Price Level of Consumption for Germany
PLOCONDEA622NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.49
Year-over-Year Change
4.22%
Date Range
1/1/1970 - 1/1/2010
Summary
The Price Level of Consumption for Germany measures the overall price level of private consumer goods and services in the German economy. It is a key indicator for economists and policymakers assessing inflationary pressures and consumer purchasing power.
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 Germany is an index that tracks the average change in prices paid by German consumers for a basket of household goods and services. It is a vital metric for evaluating the cost of living and overall price stability in the country.
Methodology
The data is collected through household surveys and compiled by the German Federal Statistical Office.
Historical Context
The price level index is used by the European Central Bank and German government to inform monetary and fiscal policies.
Key Facts
- The base year for the index is 2015 = 100.
- Germany's price level of consumption has risen by over 10% since 2015.
- The index helps track changes in German purchasing power over time.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Consumption for Germany measures the overall price level of private consumer goods and services in the German economy.
Q: Why is this trend relevant for users or analysts?
A: This index is a vital metric for evaluating the cost of living and overall price stability in Germany, which is crucial information for economists, policymakers, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and compiled by the German Federal Statistical Office.
Q: How is this trend used in economic policy?
A: The price level index is used by the European Central Bank and German government to inform monetary and fiscal policies aimed at managing inflation and supporting consumer purchasing power.
Q: Are there update delays or limitations?
A: The data is published on a regular basis with minimal delays, providing timely insights into changes in German consumer prices.
Related Trends
Price Level of Consumption for Mexico
PLOCONMXA622NUPN
Price Level of Government Consumption for Guyana
PLOGINGYA623NUPN
Price Level of GDP, average of GEKS-CPDW for Republic of Korea
PL2GDPKRA621NUPN
Price Level of Investment for Cuba
PLOINVCUA624NUPN
Price Level of GDP, average of GEKS-CPDW for Qatar
PL2GDPQAA621NUPN
Price Level of Consumption for Angola
PLOCONAOA622NUPN
Citation
U.S. Federal Reserve, Price Level of Consumption for Germany (PLOCONDEA622NUPN), retrieved from FRED.