Price Level of Consumption for Serbia
PLOCONRSA622NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52.20
Year-over-Year Change
19.60%
Date Range
1/1/1990 - 1/1/2010
Summary
The Price Level of Consumption for Serbia measures the relative prices of consumer goods and services in Serbia compared to a reference country or region. It provides insights into Serbia's cost of living and purchasing power relative to other economies.
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 Serbia is an index that compares the general price level of consumer goods and services in Serbia to a reference area, typically the European Union average. It is used to assess Serbia's relative cost of living and purchasing power parity.
Methodology
The data is collected through price surveys and national accounts data by statistical agencies.
Historical Context
This trend is used by economists, policymakers, and international organizations to evaluate Serbia's economic competitiveness and standard of living.
Key Facts
- Serbia's Price Level of Consumption was 42.78 in 2021.
- The index is benchmarked to the European Union average of 100.
- A lower index value indicates lower prices and higher purchasing power in Serbia.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Consumption for Serbia measures the relative prices of consumer goods and services in Serbia compared to a reference country or region, typically the European Union.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Serbia's cost of living and purchasing power relative to other economies, which is important for assessing economic competitiveness and standard of living.
Q: How is this data collected or calculated?
A: The data is collected through price surveys and national accounts data by statistical agencies.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and international organizations use this trend to evaluate Serbia's economic competitiveness and standard of living.
Q: Are there update delays or limitations?
A: The data is subject to the availability and publication schedules of the statistical agencies collecting the information.
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Citation
U.S. Federal Reserve, Price Level of Consumption for Serbia (PLOCONRSA622NUPN), retrieved from FRED.