Price Level of Consumption for Kuwait
PLOCONKWA622NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80.81
Year-over-Year Change
-7.95%
Date Range
1/1/1986 - 1/1/2010
Summary
The Price Level of Consumption for Kuwait measures the relative cost of consumer goods and services in Kuwait compared to a reference point. This metric is important for economists and policymakers to assess the country's cost of living and purchasing power.
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 Kuwait is an index that compares the prices paid by consumers in Kuwait to a global reference level, typically the United States. It provides insights into the affordability of goods and services for Kuwaiti residents and can inform decisions around cost-of-living adjustments, trade, and economic policies.
Methodology
The data is calculated by the World Bank using price surveys and national accounts data.
Historical Context
Policymakers use this metric to evaluate Kuwait's competitiveness and the standard of living for its citizens.
Key Facts
- Kuwait's price level is higher than the global reference.
- The index has remained relatively stable over the past decade.
- Kuwaiti consumers face higher prices compared to many other Gulf Cooperation Council countries.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Consumption for Kuwait measures the relative cost of consumer goods and services in Kuwait compared to a global reference point, typically the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the affordability of goods and services for Kuwaiti residents and can inform decisions around cost-of-living adjustments, trade, and economic policies.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using price surveys and national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to evaluate Kuwait's competitiveness and the standard of living for its citizens.
Q: Are there update delays or limitations?
A: The data is updated regularly by the World Bank, but there may be some delays in publication.
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Citation
U.S. Federal Reserve, Price Level of Consumption for Kuwait (PLOCONKWA622NUPN), retrieved from FRED.