Price Level of Consumption for St.Vincent and Grenadines
PLOCONVCA622NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90.71
Year-over-Year Change
-0.11%
Date Range
1/1/1970 - 1/1/2010
Summary
The Price Level of Consumption for St. Vincent and Grenadines measures the cost of consumer goods and services in the country compared to the global average.
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 indicator tracks the purchasing power parity of the local currency, providing insights into the relative affordability of consumer items for residents and international comparisons.
Methodology
The data is calculated by the World Bank using household consumption expenditure and exchange rate data.
Historical Context
Policymakers and analysts use this index to evaluate the cost of living and purchasing power in St. Vincent and Grenadines.
Key Facts
- The index was 49.72 in 2020.
- This indicates consumer prices are nearly half the global average.
- The index has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Consumption for St. Vincent and Grenadines measures the cost of consumer goods and services in the country compared to the global average.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the relative affordability of consumer items for residents and allows for international comparisons of purchasing power.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using household consumption expenditure and exchange rate data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to evaluate the cost of living and purchasing power in St. Vincent and Grenadines.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in reporting.
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Citation
U.S. Federal Reserve, Price Level of Consumption for St.Vincent and Grenadines (PLOCONVCA622NUPN), retrieved from FRED.