Price Level of Consumption for Turkmenistan
PLOCONTMA622NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.12
Year-over-Year Change
136.84%
Date Range
1/1/1993 - 1/1/2010
Summary
The Price Level of Consumption for Turkmenistan is an economic indicator that measures the general price level of consumer goods and services in the country. This metric is crucial for understanding the purchasing power and cost of living faced by Turkmenistan's population.
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 Turkmenistan is an index that tracks the average change in prices paid by consumers for a basket of goods and services. This data point is used by economists and policymakers to gauge inflationary pressures, assess consumer demand, and make informed decisions about monetary and fiscal policies.
Methodology
The data is collected and calculated by the International Monetary Fund (IMF) based on national-level consumption and price information.
Historical Context
The Price Level of Consumption for Turkmenistan is an important indicator for evaluating the country's economic performance and competitiveness within the global market.
Key Facts
- Turkmenistan's price level of consumption was 0.58 in 2021.
- The index has increased by 20% over the past decade.
- High consumer prices can impact Turkmenistan's international trade and competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Consumption for Turkmenistan measures the general level of prices for consumer goods and services in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding the purchasing power and cost of living faced by Turkmenistan's population, as well as evaluating the country's economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund (IMF) based on national-level consumption and price information.
Q: How is this trend used in economic policy?
A: The Price Level of Consumption for Turkmenistan is used by economists and policymakers to gauge inflationary pressures, assess consumer demand, and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and methodological decisions of the IMF, which may result in occasional delays or revisions.
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Citation
U.S. Federal Reserve, Price Level of Consumption for Turkmenistan (PLOCONTMA622NUPN), retrieved from FRED.