Price Level of Government Consumption for Sudan
PLOGINSDA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49.93
Year-over-Year Change
337.58%
Date Range
1/1/1970 - 1/1/2010
Summary
The Price Level of Government Consumption for Sudan measures changes in the price of goods and services purchased by the Sudanese government. This metric is crucial for assessing the government's fiscal health and the overall economic climate.
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 Sudan tracks the inflation experienced by the government when procuring goods and services. It is an important economic indicator that provides insights into the government's purchasing power and the broader inflationary pressures within the Sudanese economy.
Methodology
The data is calculated by the U.S. Federal Reserve based on price surveys and government budget information.
Historical Context
Policymakers and economists use this trend to evaluate the Sudanese government's fiscal policies and their impact on the overall economy.
Key Facts
- The base year for the Price Level of Government Consumption for Sudan is 2015.
- This metric has shown steady increases over the past decade, reflecting high inflation in the Sudanese economy.
- Monitoring the Price Level of Government Consumption is crucial for assessing the government's ability to fund public services and projects.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Sudan measures changes in the prices of goods and services purchased by the Sudanese government.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the government's purchasing power and the broader inflationary pressures within the Sudanese economy, which is crucial for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on price surveys and government budget information.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to evaluate the Sudanese government's fiscal policies and their impact on the overall economy.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, but there may be delays in reporting due to the availability of underlying information from Sudan.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Sudan (PLOGINSDA623NUPN), retrieved from FRED.