Price Level of Household Consumption for Kenya
PLCCPPKEA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.44
Year-over-Year Change
32.72%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Household Consumption for Kenya measures the cost of a representative basket of consumer goods and services purchased by Kenyan households. This metric is a key indicator of inflation and living standards in the Kenyan 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 Kenya is an index that tracks the average change in prices paid by Kenyan consumers for a fixed basket of goods and services. It is a widely used measure of inflation and reflects the purchasing power of Kenyan households.
Methodology
The Kenyan statistical agency collects price data from a sample of retail outlets to calculate this index.
Historical Context
Policymakers and analysts use this index to assess the state of the Kenyan economy and inform macroeconomic decisions.
Key Facts
- The base year for the index is 2010.
- Kenya's household consumption price index rose 6.3% in 2021.
- The index is published monthly by the Kenyan National Bureau of Statistics.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Kenya measures the average change in prices paid by Kenyan consumers for a fixed basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflation and living standards in Kenya, and is closely monitored by policymakers and economists to assess the state of the Kenyan economy.
Q: How is this data collected or calculated?
A: The Kenyan statistical agency collects price data from a sample of retail outlets to calculate this index.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to inform macroeconomic decisions, as it reflects the purchasing power of Kenyan households and the overall state of the Kenyan economy.
Q: Are there update delays or limitations?
A: The index is published monthly by the Kenyan National Bureau of Statistics, with minimal delays.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Kenya (PLCCPPKEA670NRUG), retrieved from FRED.