Price Level of Household Consumption for Netherlands
PLCCPPNLA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.95
Year-over-Year Change
-1.02%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Household Consumption for Netherlands tracks changes in the general price level of goods and services purchased by Dutch households. This key economic indicator is used to assess inflationary pressures and inform policy decisions.
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 measures the average change in prices paid by Dutch consumers for a basket of household goods and services. It serves as an important gauge of domestic inflation and consumer purchasing power, informing monetary policy and economic analysis.
Methodology
The data is calculated by Netherlands Statistics using a fixed-weight index that tracks price changes over time.
Historical Context
Policymakers and economists closely monitor this metric to understand consumer demand and make adjustments to support economic stability.
Key Facts
- The base year for this index is 2015 = 100.
- It covers a comprehensive basket of consumer goods and services.
- This data is released monthly by the Dutch statistical agency.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Netherlands tracks changes in the general price level of goods and services purchased by Dutch households.
Q: Why is this trend relevant for users or analysts?
A: This key indicator is used to assess inflationary pressures and inform monetary policy decisions to support economic stability and consumer purchasing power.
Q: How is this data collected or calculated?
A: The data is calculated by Netherlands Statistics using a fixed-weight index that tracks price changes over time.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this metric to understand consumer demand and make adjustments to support economic stability.
Q: Are there update delays or limitations?
A: This data is released monthly by the Dutch statistical agency with minimal delays.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Netherlands (PLCCPPNLA670NRUG), retrieved from FRED.