Price Level of Household Consumption for Central African Republic
PLCCPPCFA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.50
Year-over-Year Change
19.84%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Household Consumption for Central African Republic measures changes in the average price paid by households for a basket of consumer goods and services. It is a key indicator of inflation and consumer purchasing power 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 prices of a representative basket of household consumption items in Central African Republic, including food, housing, transportation, and other goods and services. It is used by policymakers, analysts, and the public to understand changes in the overall cost of living and the purchasing power of consumers.
Methodology
The data is collected through regular surveys of households and businesses by the Central African Republic National Institute of Statistics.
Historical Context
The price level index helps inform monetary and fiscal policies aimed at promoting price stability and economic growth.
Key Facts
- The index has a base year of 2015.
- Prices are measured in the local currency, the Central African CFA franc.
- Data is released quarterly by the Central African Republic National Institute of Statistics.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Central African Republic measures changes in the average price paid by 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 Central African Republic, helping to inform economic policies and understand the cost of living.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of households and businesses by the Central African Republic National Institute of Statistics.
Q: How is this trend used in economic policy?
A: The price level index helps inform monetary and fiscal policies aimed at promoting price stability and economic growth in Central African Republic.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Central African Republic National Institute of Statistics.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Central African Republic (PLCCPPCFA670NRUG), retrieved from FRED.