Price Level of Household Consumption for Congo
PLCCPPCGA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.50
Year-over-Year Change
-1.88%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Household Consumption for Congo measures changes in the prices paid by Congolese consumers for goods and services. This key economic indicator helps policymakers and analysts understand 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 average change in prices for a basket of consumer goods and services that are typically purchased by Congolese households. It is a valuable metric for gauging the overall cost of living and consumer price trends in the Congolese economy.
Methodology
The data is collected through surveys of Congolese consumers and businesses, then aggregated to calculate the overall price index.
Historical Context
Policymakers and central banks closely monitor this indicator to inform decisions on monetary policy and exchange rate management.
Key Facts
- The base year for the index is 2010.
- Congo's household consumption price index has risen by over 250% since 2000.
- High inflation is a persistent challenge for the Congolese economy.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Congo measures changes in the prices paid by Congolese consumers for a basket of common goods and services.
Q: Why is this trend relevant for users or analysts?
A: This indicator is a key metric for understanding inflationary pressures and consumer purchasing power in the Congolese economy, which is crucial information for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Congolese consumers and businesses, then aggregated to calculate the overall price index.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor this indicator to inform decisions on monetary policy and exchange rate management, as it reflects the cost of living and consumer price trends in the Congolese economy.
Q: Are there update delays or limitations?
A: The data is published with a short delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Congo (PLCCPPCGA670NRUG), retrieved from FRED.