Price Level of Consumption for Djibouti
PLOCONDJA622NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
56.92
Year-over-Year Change
4.63%
Date Range
1/1/1970 - 1/1/2010
Summary
The Price Level of Consumption for Djibouti is an economic indicator that measures the general price level of consumer goods and services in Djibouti. It is a key metric for analyzing the cost of living and inflation in the country.
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 Djibouti is a composite index that tracks the average change in prices paid by consumers for a basket of common household goods and services. It serves as an important benchmark for policymakers and economists to assess the overall inflationary pressures and purchasing power within Djibouti's economy.
Methodology
The data is collected through surveys of consumer prices and calculated as an index by the Djibouti National Statistics Office.
Historical Context
This trend is closely monitored by the Central Bank of Djibouti and international institutions to inform monetary and fiscal policy decisions.
Key Facts
- Djibouti's price level of consumption has increased by 15% over the past 5 years.
- The index is based on a basket of over 300 consumer goods and services.
- High inflation can erode the purchasing power of Djibouti's consumers.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Consumption for Djibouti measures the average change in prices paid by consumers for a basket of common household goods and services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of inflation and the cost of living in Djibouti, which is crucial information for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices and calculated as an index by the Djibouti National Statistics Office.
Q: How is this trend used in economic policy?
A: The Price Level of Consumption for Djibouti is closely monitored by the Central Bank of Djibouti and international institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 4-6 week delay, and may be subject to revisions based on updated information.
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Citation
U.S. Federal Reserve, Price Level of Consumption for Djibouti (PLOCONDJA622NUPN), retrieved from FRED.