Price Level of Household Consumption for Serbia
PLCCPPRSA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.47
Year-over-Year Change
-8.64%
Date Range
1/1/1990 - 1/1/2019
Summary
The Price Level of Household Consumption for Serbia measures the relative price level of household consumption goods and services in Serbia compared to a global benchmark.
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 trend provides insight into the purchasing power and cost of living in Serbia relative to the overall global economy. It is used by economists and policymakers to assess Serbia's economic competitiveness and standard of living.
Methodology
The data is calculated by the World Bank using a complex system of price surveys and exchange rate adjustments.
Historical Context
This indicator is closely watched by investors and governments to understand Serbia's economic performance and development.
Key Facts
- Serbia's price level is approximately 40% of the global average.
- The price level has risen steadily over the past decade as Serbia's economy has developed.
- High price levels can indicate a high cost of living and reduced purchasing power for Serbian consumers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the relative price level of household consumption goods and services in Serbia compared to a global benchmark.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into Serbia's economic competitiveness and the purchasing power of Serbian consumers relative to the global average.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a complex system of price surveys and exchange rate adjustments.
Q: How is this trend used in economic policy?
A: This indicator is closely watched by investors and governments to understand Serbia's economic performance and development.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so it may not reflect the most recent economic conditions in Serbia.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Serbia (PLCCPPRSA670NRUG), retrieved from FRED.