Price Level of Consumption for Egypt
PLOCONEGA622NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
50.99
Year-over-Year Change
7.33%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of Consumption for Egypt is an economic indicator that measures the general price level of consumer goods and services in the country. It provides insights into the purchasing power and inflation trends experienced by Egyptian households.
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 overall cost of a representative basket of consumer items in Egypt, including food, housing, transportation, and other common expenditures. It is a key metric used by economists and policymakers to assess the country's economic conditions and cost of living.
Methodology
The data is collected and calculated by the Central Agency for Public Mobilization and Statistics (CAPMAS) in Egypt.
Historical Context
The Price Level of Consumption for Egypt is closely monitored by the Central Bank of Egypt and informs monetary policy decisions aimed at maintaining price stability.
Key Facts
- The base year for the Price Level of Consumption for Egypt is 2018-2019.
- Egypt experienced an annual inflation rate of 13.8% in 2021 based on this index.
- The index reached an all-time high of 169.3 in December 2022.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Consumption for Egypt measures the overall cost of a basket of consumer goods and services in the country, providing insights into inflation and purchasing power.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of the cost of living in Egypt and is closely watched by policymakers, businesses, and consumers to understand the country's economic conditions and inflation dynamics.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Central Agency for Public Mobilization and Statistics (CAPMAS) in Egypt.
Q: How is this trend used in economic policy?
A: The Price Level of Consumption for Egypt is a crucial input for the Central Bank of Egypt's monetary policy decisions aimed at maintaining price stability and supporting economic growth.
Q: Are there update delays or limitations?
A: The data is published monthly by CAPMAS, with a typical release lag of 2-3 weeks. There may be occasional revisions to historical data points.
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Citation
U.S. Federal Reserve, Price Level of Consumption for Egypt (PLOCONEGA622NUPN), retrieved from FRED.