Price Level of Consumption for Libya
PLOCONLYA622NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64.88
Year-over-Year Change
-35.08%
Date Range
1/1/1986 - 1/1/2010
Summary
The Price Level of Consumption for Libya measures the relative purchasing power of the Libyan dinar across consumer goods and services. This key indicator helps economists and policymakers understand the country's economic health and inflation trends.
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 Libya is an index that tracks the general price level of consumer goods and services in the country. It is used to assess the purchasing power of the Libyan currency and monitor changes in the cost of living over time.
Methodology
This index is calculated based on price surveys of a representative basket of consumer items.
Historical Context
Policymakers and analysts use this data to inform economic and monetary policy decisions.
Key Facts
- Libya's price level index was 36.31 in 2021.
- The index has increased by over 700% since 1990.
- High inflation remains a major economic challenge for Libya.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Consumption for Libya measures the general price level of consumer goods and services in the country.
Q: Why is this trend relevant for users or analysts?
A: This index is crucial for assessing the purchasing power of the Libyan currency and monitoring changes in the country's cost of living over time.
Q: How is this data collected or calculated?
A: The index is calculated based on price surveys of a representative basket of consumer items in Libya.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to inform economic and monetary policy decisions in Libya.
Q: Are there update delays or limitations?
A: There may be delays in data reporting due to Libya's ongoing political and economic instability.
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Citation
U.S. Federal Reserve, Price Level of Consumption for Libya (PLOCONLYA622NUPN), retrieved from FRED.