Price Level of Consumption for Chad
PLOCONTDA622NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
55.00
Year-over-Year Change
-10.73%
Date Range
1/1/1960 - 1/1/2010
Summary
The Price Level of Consumption for Chad measures the general price level of goods and services consumed by households in Chad. It is an important economic indicator for understanding inflation and purchasing power trends in the country.
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 Chad is an index that tracks the changes in the overall cost of consumer goods and services over time. It is used by economists and policymakers to assess the standard of living and purchasing power of Chadian households.
Methodology
The data is collected through regular consumer price surveys and aggregated to calculate the national-level index.
Historical Context
The price level index is a key input for economic policy decisions and market analysis in Chad.
Key Facts
- The base year for the index is 2010 = 100.
- The index reached a high of 143.2 in 2018.
- Chad is a low-income, oil-dependent economy in Central Africa.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Consumption for Chad measures the general price level of goods and services consumed by households in the country.
Q: Why is this trend relevant for users or analysts?
A: This index is important for understanding inflation and purchasing power trends in the Chadian economy, which is critical information for economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The data is collected through regular consumer price surveys and aggregated to calculate the national-level index.
Q: How is this trend used in economic policy?
A: The price level index is a key input for economic policy decisions and market analysis in Chad, as it reflects the standard of living and purchasing power of households.
Q: Are there update delays or limitations?
A: There may be delays in data reporting or gaps in coverage, as is common for economic indicators in developing countries.
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Citation
U.S. Federal Reserve, Price Level of Consumption for Chad (PLOCONTDA622NUPN), retrieved from FRED.