Price Level of Household Consumption for Belarus
PLCCPPBYA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.31
Year-over-Year Change
9.70%
Date Range
1/1/1990 - 1/1/2019
Summary
The Price Level of Household Consumption for Belarus tracks changes in the cost of consumer goods and services purchased by Belarusian households. This metric is a key indicator of inflation and consumer purchasing power in the Belarusian economy.
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 Household Consumption for Belarus is an index that measures the average change in prices paid by Belarusian households for a basket of consumer goods and services. It is a widely-used statistic for assessing the overall cost of living and inflationary pressures in the country.
Methodology
The data is collected through surveys of Belarusian households and businesses and calculated by the National Statistical Committee of the Republic of Belarus.
Historical Context
Policymakers and analysts use this index to inform monetary and fiscal policies aimed at maintaining price stability and supporting consumer purchasing power.
Key Facts
- The base year for the Price Level of Household Consumption for Belarus is 2020.
- Belarus experienced an average annual inflation rate of 13.4% from 2018-2022.
- Household consumption accounts for over 50% of Belarus' gross domestic product.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Belarus measures the average change in prices paid by Belarusian households for a basket of consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflation and consumer purchasing power in Belarus, which is crucial information for policymakers, businesses, and households.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Belarusian households and businesses and calculated by the National Statistical Committee of the Republic of Belarus.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to inform monetary and fiscal policies aimed at maintaining price stability and supporting consumer purchasing power in Belarus.
Q: Are there update delays or limitations?
A: The Price Level of Household Consumption for Belarus is typically released on a monthly basis, with a short delay. There may be some limitations in coverage or methodology compared to other international price indexes.
Related Trends
Price Level of Government Consumption for Sao Tome and Principe
PLGCPPSTA670NRUG
Price Level of Household Consumption for Cape Verde
PLCCPPCVA670NRUG
Price Level of Exports for Dominica
PLXCPPDMA670NRUG
Price Level of Imports for the Democratic Republic of the Congo
PLMCPPCDA670NRUG
Price Level of Capital Formation for Japan
PLICPPJPA670NRUG
Price Level of Imports for Lebanon
PLMCPPLBA670NRUG
Citation
U.S. Federal Reserve, Price Level of Household Consumption for Belarus (PLCCPPBYA670NRUG), retrieved from FRED.