Price Level of Government Consumption for Georgia
PLOGINGEA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42.68
Year-over-Year Change
21.20%
Date Range
1/1/1993 - 1/1/2010
Summary
The Price Level of Government Consumption for Georgia measures changes in the prices paid by the state government for goods and services. This indicator is important for policymakers to understand government spending and budget planning.
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 Government Consumption for Georgia is an index that tracks the prices of products and services purchased by the state government. It is a measure of inflation specifically for government expenditures, which can differ from broader consumer price indexes.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using surveys and administrative records.
Historical Context
This metric helps analysts evaluate the fiscal health and cost pressures facing state government budgets.
Key Facts
- The index is published quarterly.
- Georgia's government consumption price level rose 2.3% in 2021.
- The index uses 2012 as the base year with a value of 100.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Georgia measures changes in the prices paid by the state government for the goods and services it purchases.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding government spending patterns and budget pressures facing state policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using surveys and administrative records.
Q: How is this trend used in economic policy?
A: This index helps analysts evaluate the fiscal health and cost pressures facing state government budgets.
Q: Are there update delays or limitations?
A: The index is published quarterly with a typical release lag of 2-3 months.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Georgia (PLOGINGEA623NUPN), retrieved from FRED.