Price Level of Household Consumption for Italy
PLCCPPITA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.85
Year-over-Year Change
-12.44%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Household Consumption for Italy measures the overall price changes for goods and services purchased by Italian households. This trend is a key indicator of inflation and the purchasing power of Italian 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 Italy is an index that tracks the average change in prices paid by Italian households for a basket of consumer goods and services. It provides insights into the cost of living and inflationary pressures facing Italian households.
Methodology
The data is collected and calculated by the Italian National Institute of Statistics based on surveys of household expenditures.
Historical Context
This economic indicator is closely monitored by policymakers and analysts to assess the health of the Italian economy and inform decisions around monetary and fiscal policy.
Key Facts
- The base year for the index is 2015.
- The index reached a high of 104.6 in 2022.
- Italy's household consumption accounts for over 60% of its GDP.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Italy measures the average change in prices paid by Italian households for a basket of consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the cost of living and inflationary pressures facing Italian households, which is crucial information for policymakers and analysts assessing the health of the Italian economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Italian National Institute of Statistics based on surveys of household expenditures.
Q: How is this trend used in economic policy?
A: This economic indicator is closely monitored by policymakers and analysts to inform decisions around monetary and fiscal policy in Italy.
Q: Are there update delays or limitations?
A: The data is typically published on a monthly basis with minimal delays, providing timely insights into changes in the price level of household consumption in Italy.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Italy (PLCCPPITA670NRUG), retrieved from FRED.