Price Level of Household Consumption for Antigua and Barbuda
PLCCPPAGA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.90
Year-over-Year Change
26.48%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Household Consumption for Antigua and Barbuda measures the relative purchasing power of the local currency in the household consumption market. It is a key economic indicator for understanding consumer price dynamics and cost of living in the country.
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 index tracks the average change over time in the prices paid by Antiguan and Barbudan households for a basket of consumer goods and services. It is used to calculate inflation rates and assess the affordability of goods for residents.
Methodology
The data is collected through regular price surveys of a representative sample of household purchases.
Historical Context
Policymakers use this index to inform monetary and fiscal policies that aim to stabilize consumer prices and maintain purchasing power.
Key Facts
- Antigua and Barbuda uses the Eastern Caribbean dollar as its national currency.
- The base year for the price index is 2010 = 100.
- Household consumption accounts for over 60% of Antigua and Barbuda's GDP.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Antigua and Barbuda measures the average change in prices paid by households for consumer goods and services in the country.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of consumer price dynamics and the affordability of goods for Antiguan and Barbudan residents, making it relevant for policymakers, businesses, and households.
Q: How is this data collected or calculated?
A: The data is collected through regular price surveys of a representative sample of household purchases.
Q: How is this trend used in economic policy?
A: Policymakers use this index to inform monetary and fiscal policies that aim to stabilize consumer prices and maintain purchasing power in Antigua and Barbuda.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, with occasional delays or gaps that may affect the timeliness and completeness of the information.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Antigua and Barbuda (PLCCPPAGA670NRUG), retrieved from FRED.