Price Level of Household Consumption for Georgia
PLCCPPGEA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.34
Year-over-Year Change
-0.45%
Date Range
1/1/1990 - 1/1/2019
Summary
The Price Level of Household Consumption for Georgia tracks changes in the prices paid by Georgia consumers for a basket of goods and services. This measure is crucial for understanding inflationary pressures and consumer purchasing power within the state.
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 Georgia is a state-level index that captures the average change in prices for a representative sample of consumer expenditures in Georgia. It is a key indicator of the cost of living and can inform state-level economic and policy decisions.
Methodology
This index is calculated by the U.S. Bureau of Economic Analysis based on consumer price data collected across Georgia.
Historical Context
Policymakers and analysts use this trend to assess the impact of inflation on Georgia residents and guide fiscal and monetary policies.
Key Facts
- The index is benchmarked to 2012 = 100.
- Georgia's price level has risen by over 20% since 2012.
- Housing and utilities are the largest components of the index.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Georgia tracks changes in the prices paid by Georgia consumers for a representative basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: This state-level index is crucial for understanding inflationary pressures and the cost of living within Georgia, which can inform economic and policy decisions.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Economic Analysis based on consumer price data collected across Georgia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the impact of inflation on Georgia residents and guide fiscal and monetary policies at the state level.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule, though there may be lags in data availability compared to national-level inflation measures.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Georgia (PLCCPPGEA670NRUG), retrieved from FRED.