Price Level of Consumption for Kenya
PLOCONKEA622NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
55.33
Year-over-Year Change
14.85%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of Consumption for Kenya is an important economic indicator that measures the average level of prices paid by Kenyan consumers for a basket of goods and services. It provides insights into the overall cost of living and inflationary pressures within the Kenyan 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 Kenya is a composite index that tracks the prices of a representative sample of consumer goods and services in the country. It is a key metric used by policymakers, economists, and investors to assess the purchasing power of Kenyan consumers and the state of the nation's economy.
Methodology
The data is collected through regular surveys of prices across a range of retail outlets in Kenya.
Historical Context
Monitoring the Price Level of Consumption helps inform monetary and fiscal policy decisions aimed at maintaining price stability and supporting economic growth.
Key Facts
- The base year for the Price Level of Consumption for Kenya is 2010.
- Kenya's Price Level of Consumption has increased by 40% since 2010.
- The index is published monthly by the Kenyan National Bureau of Statistics.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Consumption for Kenya measures the average level of prices paid by Kenyan consumers for a basket of goods and services, providing insights into the overall cost of living in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for understanding inflationary pressures, the purchasing power of Kenyan consumers, and the overall state of the Kenyan economy, which informs policy decisions and investment strategies.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of prices across a range of retail outlets in Kenya by the Kenyan National Bureau of Statistics.
Q: How is this trend used in economic policy?
A: Monitoring the Price Level of Consumption helps inform monetary and fiscal policy decisions aimed at maintaining price stability and supporting economic growth in Kenya.
Q: Are there update delays or limitations?
A: The Price Level of Consumption for Kenya is published monthly with a relatively short delay, making it a timely indicator of inflationary trends in the country.
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Citation
U.S. Federal Reserve, Price Level of Consumption for Kenya (PLOCONKEA622NUPN), retrieved from FRED.