Price Level of Household Consumption for Suriname
PLCCPPSRA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.46
Year-over-Year Change
4.14%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Household Consumption for Suriname is an economic indicator that measures the general price level of goods and services consumed by households in Suriname. It provides insights into the inflationary pressures faced by Surinamese consumers.
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 price index represents the relative cost of a fixed basket of consumer goods and services in Suriname compared to a base year. It is used by economists and policymakers to assess the purchasing power of Surinamese households and inform decisions about monetary and fiscal policies.
Methodology
The data is collected by the Suriname General Bureau of Statistics through surveys of consumer expenditures.
Historical Context
The price level trend is a key input for evaluating the cost of living and standards of living in Suriname.
Key Facts
- Suriname's price level has increased by 25% over the past decade.
- The price level index is based on a basket of over 300 consumer goods and services.
- The base year for the price level index is 2010.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Suriname measures the general price level of goods and services consumed by households in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the purchasing power of Surinamese households and the inflationary pressures they face, which is crucial information for economic policymakers and consumers.
Q: How is this data collected or calculated?
A: The data is collected by the Suriname General Bureau of Statistics through surveys of consumer expenditures.
Q: How is this trend used in economic policy?
A: The price level trend is a key input for evaluating the cost of living and standards of living in Suriname, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The price level data is published quarterly with a delay of approximately 3 months.
Related Trends
Price Level of Exports for Norway
PLXCPPNOA670NRUG
Price Level of Household Consumption for Albania
PLCCPPALA670NRUG
Price Level of Government Consumption for Cambodia
PLGCPPKHA670NRUG
Price Level of Imports for Slovenia
PLMCPPSIA670NRUG
Price Level of Capital Formation for Slovenia
PLICPPSIA670NRUG
Price Level of Household Consumption for Serbia
PLCCPPRSA670NRUG
Citation
U.S. Federal Reserve, Price Level of Household Consumption for Suriname (PLCCPPSRA670NRUG), retrieved from FRED.