Price Level of Consumption for Timor-Leste
PLOCONTLA622NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
72.12
Year-over-Year Change
27.26%
Date Range
1/1/2000 - 1/1/2010
Summary
The Price Level of Consumption for Timor-Leste measures the general price level of consumer goods and services in the country. It is an important economic indicator for policymakers and analysts monitoring inflation and cost of living trends.
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
This index represents the purchasing power of the Timorese currency compared to a base year. It provides insight into how the prices of consumer items have changed over time, which is crucial for assessing the standard of living and informing economic policies.
Methodology
The data is calculated by the World Bank using household consumption expenditure surveys and other sources.
Historical Context
Policymakers and economists use this index to track and manage inflation, which impacts consumers, businesses, and the overall economy.
Key Facts
- The base year for the index is 2010.
- Timor-Leste is a small island country in Southeast Asia.
- The index helps assess the standard of living in Timor-Leste.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Consumption for Timor-Leste measures the general price level of consumer goods and services in the country.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into how the prices of consumer items have changed over time, which is crucial for assessing the standard of living and informing economic policies.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using household consumption expenditure surveys and other sources.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to track and manage inflation, which impacts consumers, businesses, and the overall economy.
Q: Are there update delays or limitations?
A: The data is published regularly by the World Bank, but there may be some delays in reporting due to the time required for data collection and analysis.
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Citation
U.S. Federal Reserve, Price Level of Consumption for Timor-Leste (PLOCONTLA622NUPN), retrieved from FRED.