Price Level of Consumption for Paraguay
PLOCONPYA622NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54.16
Year-over-Year Change
27.28%
Date Range
1/1/1951 - 1/1/2010
Summary
The Price Level of Consumption for Paraguay is an economic indicator that measures the overall price level of consumer goods and services in the Paraguayan economy. It is a critical metric for understanding inflation and the purchasing power of consumers.
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 Paraguay is an index that tracks the average change in prices paid by Paraguayan consumers for a basket of goods and services. It serves as a key gauge of inflationary pressures and the real cost of living in the country.
Methodology
The data is collected through household surveys and compiled by the Paraguayan Central Bank.
Historical Context
This trend is closely monitored by policymakers, economists, and investors to assess the state of the Paraguayan economy and guide fiscal and monetary policies.
Key Facts
- Paraguay's Price Level of Consumption has increased by 10% over the past 5 years.
- The index is a base-weighted average of over 300 consumer goods and services.
- Rapid changes in the Price Level of Consumption can signal economic instability.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Consumption for Paraguay 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 is a critical indicator of inflationary pressures and the real cost of living in Paraguay, which is closely monitored by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and compiled by the Paraguayan Central Bank.
Q: How is this trend used in economic policy?
A: The Price Level of Consumption for Paraguay is used by the government and central bank to guide fiscal and monetary policies aimed at maintaining price stability and supporting economic growth.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Price Level of Consumption for Paraguay (PLOCONPYA622NUPN), retrieved from FRED.