Price Level of Consumption for Comoros
PLOCONKMA622NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
84.15
Year-over-Year Change
39.02%
Date Range
1/1/1960 - 1/1/2010
Summary
The Price Level of Consumption for Comoros is an economic indicator that measures the general price level of consumer goods and services in the country. It is a key metric for understanding inflation and the purchasing power of consumers.
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 Comoros tracks the average change in prices paid by households for a basket of consumer goods and services. It is used by policymakers, economists, and analysts to assess the state of the Comorian economy and make informed decisions about monetary and fiscal policies.
Methodology
The data is calculated by the World Bank based on national accounts and household survey data.
Historical Context
This trend is important for understanding the cost of living and consumer purchasing power in Comoros, which can inform economic and social policies.
Key Facts
- The base year for the Price Level of Consumption for Comoros is 2010.
- Comoros is a small island nation in the Indian Ocean off the eastern coast of Africa.
- Tracking the Price Level of Consumption helps policymakers understand the cost of living in Comoros.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Consumption for Comoros measures the general price level of consumer goods and services in the country. It is an indicator of inflation and consumer purchasing power.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the cost of living and economic conditions in Comoros, which can inform policy decisions and investments.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank based on national accounts and household survey data.
Q: How is this trend used in economic policy?
A: The Price Level of Consumption for Comoros is used by policymakers, economists, and analysts to assess the state of the Comorian economy and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: There may be delays in data reporting or availability due to the small size and limited resources of the Comorian economy.
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Citation
U.S. Federal Reserve, Price Level of Consumption for Comoros (PLOCONKMA622NUPN), retrieved from FRED.