Price Level of Consumption for Namibia
PLOCONNAA622NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91.17
Year-over-Year Change
30.13%
Date Range
1/1/1960 - 1/1/2010
Summary
The Price Level of Consumption for Namibia tracks changes in the cost of consumer goods and services in the Namibian economy. This metric is critical for understanding the nation's inflation dynamics and consumer 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 Namibia is an economic indicator that measures the average change in prices paid by Namibian consumers for a basket of goods and services. It serves as a key gauge of the overall cost of living and inflationary pressures within the Namibian market.
Methodology
The data is calculated by the Namibia Statistics Agency based on a survey of household expenditures.
Historical Context
Policymakers and analysts closely monitor this trend to inform decisions around monetary and fiscal policy.
Key Facts
- Namibia's Price Level of Consumption reached a record high in 2022.
- The index is calculated using a base year of 2010 = 100.
- Namibia's central bank targets an annual inflation rate of 3-6%.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Consumption for Namibia tracks changes in the average cost of consumer goods and services in the Namibian economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding inflation and the purchasing power of Namibian consumers, which informs policymaking and market analysis.
Q: How is this data collected or calculated?
A: The data is calculated by the Namibia Statistics Agency based on a survey of household expenditures.
Q: How is this trend used in economic policy?
A: Namibian policymakers and central bankers monitor this trend closely to guide monetary and fiscal policies aimed at maintaining price stability.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule, but there may be lags in reporting due to the survey-based methodology.
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Citation
U.S. Federal Reserve, Price Level of Consumption for Namibia (PLOCONNAA622NUPN), retrieved from FRED.