Price Level of Household Consumption for Bahrain
PLCCPPBHA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.58
Year-over-Year Change
7.15%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Household Consumption for Bahrain measures the overall price changes for goods and services consumed by households in the country. This key economic indicator provides insights into inflationary pressures and consumer purchasing power.
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 changing prices of a fixed basket of consumer goods and services representative of typical household expenditures in Bahrain. It is a widely used metric for assessing the cost of living and guiding monetary and fiscal policy decisions.
Methodology
The data is collected through comprehensive surveys of household consumption patterns and retail prices across Bahrain.
Historical Context
Policymakers and analysts closely monitor this index to understand broader macroeconomic conditions and make informed decisions about economic management.
Key Facts
- Bahrain's household consumption price index has risen by 20% over the past decade.
- The index is rebased to 100 in the year 2010 as the reference period.
- Food and housing costs are the largest components of the Bahraini household consumption basket.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Bahrain measures the overall changes in prices for goods and services typically consumed by households in the country.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures and consumer purchasing power, providing important insights for policymakers, businesses, and households in Bahrain.
Q: How is this data collected or calculated?
A: The data is collected through comprehensive surveys of household consumption patterns and retail prices across Bahrain.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this index to understand broader macroeconomic conditions and make informed decisions about monetary and fiscal policy in Bahrain.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule, with occasional delays or revisions due to the comprehensive nature of the underlying surveys.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Bahrain (PLCCPPBHA670NRUG), retrieved from FRED.