Price Level of Consumption for Japan
PLOCONJPA622NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129.00
Year-over-Year Change
1.85%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of Consumption for Japan (PLOCONJPA622NUPN) is a key economic indicator that measures changes in the overall price level of goods and services consumed by Japanese households. This metric is crucial for understanding the cost of living and inflationary pressures in the Japanese 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 Japan is an index that tracks the prices paid by Japanese consumers for a representative basket of goods and services. It serves as an important gauge of domestic inflation, allowing policymakers and analysts to monitor the purchasing power of the Japanese yen and make informed decisions about economic and monetary policy.
Methodology
The data is collected by Japan's Statistics Bureau through a nationwide survey of consumer prices.
Historical Context
The Price Level of Consumption for Japan is closely watched by the Bank of Japan and other government agencies to help guide their decisions on interest rates, inflation targets, and other economic policies.
Key Facts
- The base year for the Price Level of Consumption for Japan is 2020.
- Japan has experienced relatively low inflation rates compared to other major economies in recent decades.
- Monitoring the Price Level of Consumption helps the Bank of Japan maintain its 2% inflation target.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Consumption for Japan measures the changes in the overall prices of goods and services purchased by Japanese households.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding the cost of living and inflationary pressures in the Japanese economy, allowing policymakers and analysts to make informed decisions about economic and monetary policy.
Q: How is this data collected or calculated?
A: The data is collected by Japan's Statistics Bureau through a nationwide survey of consumer prices.
Q: How is this trend used in economic policy?
A: The Price Level of Consumption for Japan is closely watched by the Bank of Japan and other government agencies to help guide their decisions on interest rates, inflation targets, and other economic policies.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Statistics Bureau, but there may be some delays in publishing the latest figures.
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Citation
U.S. Federal Reserve, Price Level of Consumption for Japan (PLOCONJPA622NUPN), retrieved from FRED.