Price Level of Household Consumption for Madagascar
PLCCPPMGA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.30
Year-over-Year Change
7.19%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Household Consumption for Madagascar tracks changes in the overall price level of consumer goods and services purchased by Malagasy households. This metric is a key indicator of inflation and consumer purchasing power in the Malagasy 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 Madagascar is a national-level index that measures the average change in prices paid by Malagasy consumers for a basket of common household goods and services. It serves as an important gauge of inflationary pressures and the real purchasing power of Malagasy incomes.
Methodology
This index is calculated by the Malagasy National Institute of Statistics based on a comprehensive survey of household expenditures.
Historical Context
Economists and policymakers closely monitor this indicator to assess the state of the Malagasy consumer economy and guide monetary and fiscal policies.
Key Facts
- The base year for the Price Level of Household Consumption for Madagascar is 2015.
- This index tracks price changes for over 300 consumer goods and services in the Malagasy economy.
- Madagascar experienced an average annual inflation rate of 6.2% from 2015 to 2020 based on this index.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Madagascar measures the average change in prices paid by Malagasy consumers for a basket of common household goods and services.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures and the real purchasing power of incomes in the Malagasy consumer economy, making it highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The Malagasy National Institute of Statistics calculates this index based on a comprehensive survey of household expenditures.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this indicator to assess the state of the Malagasy consumer economy and guide monetary and fiscal policies accordingly.
Q: Are there update delays or limitations?
A: The Price Level of Household Consumption for Madagascar is updated quarterly with a 3-month lag, and the underlying survey data may be subject to sampling and coverage limitations.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Madagascar (PLCCPPMGA670NRUG), retrieved from FRED.