Price Level of Consumption for Montenegro
PLOCONMEA622NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66.86
Year-over-Year Change
118.12%
Date Range
1/1/1990 - 1/1/2010
Summary
The Price Level of Consumption for Montenegro 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 the purchasing power and inflation dynamics within Montenegro's 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 Montenegro is an index that compares the average price level of a representative basket of consumer goods and services in Montenegro to a reference point, typically the United States. It provides insights into the relative affordability of consumer purchases in the Montenegrin economy.
Methodology
The data is calculated based on price surveys and household expenditure patterns.
Historical Context
Policymakers and analysts use this metric to assess the competitiveness and cost of living in Montenegro relative to other economies.
Key Facts
- The base year for the Price Level of Consumption for Montenegro is 2017.
- Montenegro's price level of consumption is approximately 47% of the U.S. level.
- The index can be used to compare the purchasing power of consumers in Montenegro and the United States.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Consumption for Montenegro measures the general price level of consumer goods and services in the country compared to a reference point, typically the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the relative affordability of consumer purchases in Montenegro, which is useful for understanding the country's cost of living, competitiveness, and purchasing power dynamics.
Q: How is this data collected or calculated?
A: The data is calculated based on price surveys and household expenditure patterns.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the competitiveness and cost of living in Montenegro relative to other economies, which can inform economic policies and investment decisions.
Q: Are there update delays or limitations?
A: The data is published regularly, but there may be some delays in reporting due to the time required for data collection and analysis.
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Citation
U.S. Federal Reserve, Price Level of Consumption for Montenegro (PLOCONMEA622NUPN), retrieved from FRED.