Price Level of Consumption for El Salvador
PLOCONSVA622NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
55.81
Year-over-Year Change
12.79%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of Consumption for El Salvador measures changes in the general price level of consumer goods and services in the country. This metric is crucial for economists and policymakers to assess inflation, consumer purchasing power, and the overall state of the Salvadoran 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 El Salvador is a price index that tracks the average change in prices paid by Salvadoran consumers for a basket of household goods and services. It serves as a key indicator of the cost of living and inflationary pressures within the Salvadoran economy.
Methodology
This index is calculated by the Central Reserve Bank of El Salvador based on a survey of consumer prices across the country.
Historical Context
The Price Level of Consumption is widely used by the Salvadoran government, central bank, and international institutions to inform economic policy decisions and market analysis.
Key Facts
- The base year for the Price Level of Consumption index is 2020.
- El Salvador officially adopted the US dollar as its national currency in 2001.
- Salvadoran consumer prices have risen by an average of 3.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Consumption for El Salvador measures changes in the general price level of consumer goods and services purchased by households in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for assessing inflation, consumer purchasing power, and the overall state of the Salvadoran economy, making it highly relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the Central Reserve Bank of El Salvador based on a survey of consumer prices across the country.
Q: How is this trend used in economic policy?
A: The Price Level of Consumption is widely used by the Salvadoran government, central bank, and international institutions to inform economic policy decisions and market analysis.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
Related Trends
Price Level of Investment for Germany
PLOINVDEA624NUPN
Price Level of GDP, G-K method for Belgium
PLOGDPBEA621NUPN
Price Level of Consumption for Iraq
PLOCONIQA622NUPN
Price Level of GDP, G-K method for Dominican Republic
PLOGDPDOA621NUPN
Price Level of Consumption for Dominican Republic
PLOCONDOA622NUPN
Price Level of Investment for Moldova
PLOINVMDA624NUPN
Citation
U.S. Federal Reserve, Price Level of Consumption for El Salvador (PLOCONSVA622NUPN), retrieved from FRED.