Price Level of Household Consumption for Chile
PLCCPPCLA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.69
Year-over-Year Change
19.09%
Date Range
1/1/1951 - 1/1/2019
Summary
The Price Level of Household Consumption for Chile measures the price changes of goods and services purchased by Chilean households. It is a key indicator of consumer inflation and an important tool for economic policymakers.
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 series represents the price level of household consumption expenditures in Chile, which include purchases of both goods and services by Chilean consumers. It is a vital metric for assessing the cost of living and consumer price trends within the Chilean economy.
Methodology
The data is collected and calculated by the Central Bank of Chile through surveys of household spending patterns.
Historical Context
Policymakers use this indicator to monitor inflationary pressures and inform monetary policy decisions.
Key Facts
- Chile's household consumption price index has risen by over 50% in the past decade.
- The index reached an all-time high in 2022 amid global inflationary pressures.
- Monitoring the price level of household consumption is crucial for the Central Bank of Chile's inflation targeting policy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the overall price level of goods and services purchased by Chilean households. It is a key indicator of consumer inflation in the Chilean economy.
Q: Why is this trend relevant for users or analysts?
A: This indicator is highly relevant for economists, policymakers, and consumers as it reflects the cost of living and inflationary pressures faced by Chilean households.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Central Bank of Chile through comprehensive surveys of household spending patterns.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this household consumption price index to inform monetary policy decisions and maintain inflation within the Central Bank's target range.
Q: Are there update delays or limitations?
A: The household consumption price index data is typically released with a short lag, and may be subject to minor revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Chile (PLCCPPCLA670NRUG), retrieved from FRED.