Price Level of Consumption for Kazakhstan
PLOCONKZA622NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54.10
Year-over-Year Change
36.18%
Date Range
1/1/1993 - 1/1/2010
Summary
The Price Level of Consumption for Kazakhstan measures the overall price level of consumer goods and services in the country. It is a key indicator for economists and policymakers to assess the country's inflation and cost of living.
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 Kazakhstan is an index that tracks the average change in prices paid by Kazakhstani consumers for a basket of goods and services. It provides insight into the purchasing power of the Kazakhstani tenge and helps analysts evaluate the country's economic performance and standard of living.
Methodology
The data is calculated by the National Bank of Kazakhstan based on a survey of consumer prices.
Historical Context
The Price Level of Consumption is used by the Kazakhstani government, central bank, and international organizations to inform economic and monetary policy decisions.
Key Facts
- The index is published monthly by the National Bank of Kazakhstan.
- The base year for the index is 2010.
- Kazakhstan's price level of consumption has risen steadily since the early 2000s.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Consumption for Kazakhstan measures the average change in prices paid by consumers for a basket of goods and services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into Kazakhstan's inflation and cost of living, which are crucial factors for evaluating the country's economic performance and standard of living.
Q: How is this data collected or calculated?
A: The data is calculated by the National Bank of Kazakhstan based on a survey of consumer prices.
Q: How is this trend used in economic policy?
A: The Price Level of Consumption is used by the Kazakhstani government, central bank, and international organizations to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly, with no significant update delays.
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Citation
U.S. Federal Reserve, Price Level of Consumption for Kazakhstan (PLOCONKZA622NUPN), retrieved from FRED.