Price Level of Consumption for Greece
PLOCONGRA622NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.87
Year-over-Year Change
25.74%
Date Range
1/1/1951 - 1/1/2010
Summary
The Price Level of Consumption for Greece (PLOCONGRA622NUPN) measures the overall price level of consumer goods and services in Greece, providing insights into the country's inflation dynamics.
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 represents the national accounts price deflator for household final consumption expenditure in Greece. It is a key indicator used by economists and policymakers to assess the purchasing power and cost of living within the Greek economy.
Methodology
The data is collected and calculated by Eurostat based on national accounts statistics.
Historical Context
Monitoring the price level of consumption is crucial for informing monetary and fiscal policies in Greece.
Key Facts
- Greece's consumption price level was 87.16 in 2021.
- Prices have increased by an average of 1.1% per year since 2010.
- The index reached a high of 92.78 in 2011 during the Greek debt crisis.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Consumption for Greece (PLOCONGRA622NUPN) measures the overall price level of consumer goods and services in the country.
Q: Why is this trend relevant for users or analysts?
A: This indicator is crucial for understanding the purchasing power and cost of living in Greece, which informs monetary and fiscal policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Eurostat based on national accounts statistics.
Q: How is this trend used in economic policy?
A: Monitoring the price level of consumption is crucial for informing monetary and fiscal policies in Greece.
Q: Are there update delays or limitations?
A: The data is published by Eurostat with a lag, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Price Level of Consumption for Greece (PLOCONGRA622NUPN), retrieved from FRED.