Price Level of Consumption for Thailand
PLOCONTHA622NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.43
Year-over-Year Change
35.45%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of Consumption for Thailand measures the overall price level of consumer goods and services in the Thai economy. It is a key indicator used by economists and policymakers to understand inflation and the cost of living.
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 Thailand represents the purchasing power of the Thai baht relative to a base year, providing insight into changes in the general price level of consumer items over time. It is a valuable metric for analyzing consumer trends, monetary policy, and the standard of living in Thailand.
Methodology
The data is calculated by the Bank of Thailand based on a survey of consumer prices.
Historical Context
Policymakers and analysts use this index to monitor inflationary pressures and guide fiscal and monetary policies.
Key Facts
- The base year for the Price Level of Consumption for Thailand is 2015.
- Thailand's Price Level of Consumption reached a high of 103.03 in August 2022.
- The index has risen by an average of 1.2% per year over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Consumption for Thailand measures the overall price level of consumer goods and services in the Thai economy.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insight into inflationary pressures and changes in the cost of living in Thailand, which is crucial for economic policymaking and financial decision-making.
Q: How is this data collected or calculated?
A: The data is calculated by the Bank of Thailand based on a survey of consumer prices.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to monitor inflationary pressures and guide fiscal and monetary policies in Thailand.
Q: Are there update delays or limitations?
A: The Price Level of Consumption for Thailand is updated monthly by the Bank of Thailand, with a typical release lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Price Level of Consumption for Thailand (PLOCONTHA622NUPN), retrieved from FRED.