Price Level of Household Consumption for Cameroon
PLCCPPCMA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.41
Year-over-Year Change
3.39%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Household Consumption for Cameroon measures the overall price changes for goods and services purchased by households in Cameroon. This metric is crucial for economists and policymakers to assess inflationary pressures and the purchasing power of Cameroonian consumers.
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 Cameroon tracks the average change in prices paid by Cameroonian households for a representative basket of consumer goods and services. It serves as a key indicator of the cost of living and general price stability within the Cameroonian economy.
Methodology
The data is collected through surveys of household expenditures and retail prices by Cameroon's National Institute of Statistics.
Historical Context
Policymakers and central banks use this metric to guide monetary and fiscal policies aimed at maintaining price stability and protecting consumer purchasing power.
Key Facts
- The base year for the Price Level of Household Consumption for Cameroon is 2010.
- Cameroon is a lower-middle-income country in Central Africa.
- The household consumption price index is one of the main components of Cameroon's Consumer Price Index (CPI).
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Cameroon measures the average change in prices paid by Cameroonian households for a representative basket of consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for economists and policymakers to assess inflationary pressures and the purchasing power of Cameroonian consumers, which informs monetary and fiscal policies aimed at maintaining price stability.
Q: How is this data collected or calculated?
A: The data is collected through surveys of household expenditures and retail prices by Cameroon's National Institute of Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use this metric to guide monetary and fiscal policies aimed at maintaining price stability and protecting consumer purchasing power in Cameroon.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness and methodological limitations of Cameroon's national statistical system.
Related Trends
Price Level of Exports for Egypt
PLXCPPEGA670NRUG
Price Level of Exports for Bermuda
PLXCPPBMA670NRUG
Price Level of Exports for Liberia
PLXCPPLRA670NRUG
Price Level of Exports for Uganda
PLXCPPUGA670NRUG
Price Level of Household Consumption for Portugal
PLCCPPPTA670NRUG
Price Level of Imports for Spain
PLMCPPESA670NRUG
Citation
U.S. Federal Reserve, Price Level of Household Consumption for Cameroon (PLCCPPCMA670NRUG), retrieved from FRED.