Price Level of Household Consumption for Mauritius
PLCCPPMUA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.49
Year-over-Year Change
13.44%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Household Consumption for Mauritius is an economic indicator that measures changes in the prices paid by Mauritian households for a basket of consumer goods and services. It is a key metric for understanding inflation and consumer purchasing power in the Mauritian 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 Mauritius is an index that tracks the evolution of prices for a representative basket of consumer items purchased by households in Mauritius. It is used by economists and policymakers to assess trends in consumer inflation and the overall cost of living in the country.
Methodology
The data is collected by the Mauritian Statistics Office through surveys of household expenditures.
Historical Context
This metric is closely monitored by the Central Bank of Mauritius and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Mauritius is a major tourist destination in the Indian Ocean.
- The Mauritian economy is heavily dependent on exports of sugar, textiles, and financial services.
- The Central Bank of Mauritius has an inflation target of 4% to 6%.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Mauritius measures changes in the prices paid by Mauritian households for a basket of consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding consumer inflation and the cost of living in Mauritius, which is important for economic policymaking and household financial planning.
Q: How is this data collected or calculated?
A: The data is collected by the Mauritian Statistics Office through surveys of household expenditures.
Q: How is this trend used in economic policy?
A: The Price Level of Household Consumption for Mauritius is closely monitored by the Central Bank of Mauritius and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a short lag, providing timely information on consumer price trends in Mauritius.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Mauritius (PLCCPPMUA670NRUG), retrieved from FRED.