Price Level of Consumption for Yemen
PLOCONYEA622NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58.02
Year-over-Year Change
97.78%
Date Range
1/1/1989 - 1/1/2010
Summary
The Price Level of Consumption for Yemen (PLOCONYEA622NUPN) measures the purchasing power of the Yemeni currency based on the prices of consumer goods and services. This metric is crucial for understanding the economic conditions and living standards in Yemen.
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 Yemen index tracks the relative cost of a fixed basket of consumer goods and services in the country. It provides insight into the purchasing power of the Yemeni currency and the overall cost of living, which is essential for policy analysis, economic research, and international comparisons.
Methodology
The data is collected and calculated by the World Bank based on household consumption surveys and price information.
Historical Context
This trend is used by economists, policymakers, and international organizations to assess the economic well-being of the Yemeni population and inform policy decisions.
Key Facts
- Yemen has experienced high and volatile inflation in recent years.
- The price level of consumption in Yemen is significantly lower than in developed economies.
- Tracking the price level of consumption is crucial for understanding the economic challenges facing Yemeni households.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Consumption for Yemen (PLOCONYEA622NUPN) measures the relative purchasing power of the Yemeni currency based on the prices of consumer goods and services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend provides crucial insights into the economic conditions and living standards in Yemen, which is essential for policy analysis, economic research, and international comparisons.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on household consumption surveys and price information.
Q: How is this trend used in economic policy?
A: The Price Level of Consumption for Yemen is used by economists, policymakers, and international organizations to assess the economic well-being of the Yemeni population and inform policy decisions.
Q: Are there update delays or limitations?
A: The data may be subject to delays in updating and potential limitations in data collection, particularly in the context of Yemen's ongoing economic and political challenges.
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Citation
U.S. Federal Reserve, Price Level of Consumption for Yemen (PLOCONYEA622NUPN), retrieved from FRED.