Price Level of Household Consumption for Israel
PLCCPPILA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.13
Year-over-Year Change
37.85%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Household Consumption for Israel measures the overall price changes for goods and services purchased by Israeli households. This metric is a key indicator of consumer inflation and purchasing power in the Israeli economy.
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 Israel is an important macroeconomic indicator that tracks the general price movements of consumer goods and services in the country. It is used by policymakers, economists, and analysts to assess the cost of living, evaluate monetary policy, and forecast economic trends.
Methodology
The data is collected by the Israeli Central Bureau of Statistics through comprehensive surveys of household expenditures.
Historical Context
Monitoring changes in the price level helps the Bank of Israel and government policymakers make informed decisions about interest rates, taxation, and other policies affecting the cost of living and consumer purchasing power.
Key Facts
- The base year for the index is 2015 = 100.
- Prices are tracked for over 1,000 goods and services in the Israeli consumer basket.
- The index is released monthly by the Israeli Central Bureau of Statistics.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Israel measures the overall price changes for goods and services purchased by Israeli households. It is a key indicator of consumer inflation and purchasing power.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for assessing the cost of living, evaluating monetary policy, and forecasting economic trends in Israel. It provides important insights into consumer behavior and the overall state of the Israeli economy.
Q: How is this data collected or calculated?
A: The data is collected by the Israeli Central Bureau of Statistics through comprehensive surveys of household expenditures.
Q: How is this trend used in economic policy?
A: Monitoring changes in the price level helps the Bank of Israel and government policymakers make informed decisions about interest rates, taxation, and other policies affecting the cost of living and consumer purchasing power.
Q: Are there update delays or limitations?
A: The index is released monthly by the Israeli Central Bureau of Statistics, with minimal update delays.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Israel (PLCCPPILA670NRUG), retrieved from FRED.