Price Level of Household Consumption for Islamic Republic of Iran
PLCCPPIRA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.58
Year-over-Year Change
134.79%
Date Range
1/1/1955 - 1/1/2019
Summary
The Price Level of Household Consumption for Islamic Republic of Iran measures the overall price changes for consumer goods and services purchased by Iranian households. This key economic indicator provides insight into 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 series represents the price index for all items consumed by Iranian households. It tracks changes in the overall cost of a typical consumer's basket of goods and services, which is useful for assessing the country's economic conditions and cost of living.
Methodology
The data is collected by Iran's Central Bank through surveys of consumer expenditures and prices.
Historical Context
Policymakers and analysts monitor this price index to gauge inflationary trends and inform decisions around monetary and fiscal policies.
Key Facts
- The base year for this index is 2017.
- Iran has experienced high and volatile inflation in recent decades.
- This price index is a key input for calculating real GDP growth.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Islamic Republic of Iran measures the overall price changes for consumer goods and services purchased by Iranian households.
Q: Why is this trend relevant for users or analysts?
A: This key economic indicator provides insight into inflationary pressures and consumer purchasing power in Iran, which is crucial for assessing the country's economic conditions and cost of living.
Q: How is this data collected or calculated?
A: The data is collected by Iran's Central Bank through surveys of consumer expenditures and prices.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this price index to gauge inflationary trends and inform decisions around monetary and fiscal policies in Iran.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and potential delays of Iran's Central Bank.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Islamic Republic of Iran (PLCCPPIRA670NRUG), retrieved from FRED.