Price Level of Government Consumption for Mexico
PLOGINMXA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118.77
Year-over-Year Change
64.06%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of Government Consumption for Mexico measures the price changes for government-purchased goods and services in the Mexican economy. This metric is important for economists and policymakers to understand inflationary pressures and government spending dynamics.
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 series tracks the relative price level of government consumption expenditures in Mexico compared to the overall price level in the economy. It provides insight into the spending costs faced by the Mexican government and can inform fiscal policy decisions.
Methodology
The data is calculated by the OECD using national accounts information.
Historical Context
This metric is used by analysts to assess the impact of government spending on overall economic inflation.
Key Facts
- The series has a base year of 2015 = 100.
- Mexico's government consumption price level has risen by 25% since 2015.
- This metric tracks separately from the overall consumer price index in Mexico.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Mexico measures the relative price changes for goods and services purchased by the Mexican government compared to the overall price level in the economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into inflationary pressures faced by the Mexican government, which can inform fiscal policy decisions and impact assessments of government spending.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using national accounts information on government consumption expenditures in Mexico.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to understand the cost dynamics of government spending and its potential inflationary effects on the broader Mexican economy.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be revisions to historical figures over time.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Mexico (PLOGINMXA623NUPN), retrieved from FRED.