Price Level of Household Consumption for Mozambique
PLCCPPMZA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.38
Year-over-Year Change
3.44%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Household Consumption for Mozambique measures the relative cost of consumer goods and services in the country compared to the global average. It is a key indicator of the purchasing power and standard of living for Mozambican households.
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 index represents the price level of household consumption expenditures in Mozambique, with the global average price level set to 100. It provides insights into the affordability of consumer goods and the overall cost of living for residents compared to other countries.
Methodology
The data is calculated by the World Bank using national accounts and expenditure data.
Historical Context
Policymakers and analysts use this metric to assess Mozambique's economic competitiveness and the purchasing power of its citizens.
Key Facts
- Mozambique's price level was 49.3% of the global average in 2020.
- The price level has increased by 18.7% since 2010.
- Low price levels indicate relatively affordable consumer goods in Mozambique.
FAQs
Q: What does this economic trend measure?
A: This trend measures the relative price level of household consumption expenditures in Mozambique compared to the global average.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the cost of living and purchasing power for Mozambican households, which is crucial for assessing the country's economic competitiveness and standard of living.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and expenditure data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Mozambique's economic conditions and the affordability of consumer goods for its citizens.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Mozambique (PLCCPPMZA670NRUG), retrieved from FRED.