Price Level of Household Consumption for El Salvador
PLCCPPSVA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.51
Year-over-Year Change
-16.51%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Household Consumption for El Salvador measures the overall price level of goods and services purchased by Salvadoran households. This key economic indicator provides insights into consumer spending and inflationary pressures.
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 tracks changes in the prices paid by Salvadoran consumers for a representative basket of household goods and services. It is a crucial metric for assessing the country's cost of living, consumer purchasing power, and overall economic conditions.
Methodology
The data is collected through surveys of Salvadoran households and businesses, then aggregated to calculate the composite price index.
Historical Context
Policymakers and economists closely monitor this indicator to inform decisions on monetary policy, exchange rates, and social welfare programs.
Key Facts
- The base year for this index is 2012.
- El Salvador uses the U.S. dollar as its official currency.
- Household consumption accounts for over 90% of El Salvador's GDP.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for El Salvador measures the overall prices paid by Salvadoran consumers for a basket of household goods and services.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides crucial insights into consumer spending, inflationary pressures, and the overall cost of living in El Salvador, which is vital for policymakers, businesses, and households.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Salvadoran households and businesses, then aggregated to calculate the composite price index.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this indicator to inform decisions on monetary policy, exchange rates, and social welfare programs in El Salvador.
Q: Are there update delays or limitations?
A: The data is published with a slight delay, and the methodology may not capture all aspects of household consumption in El Salvador.
Related Trends
Price Level of the Capital Stock for Guatemala
PLKCPPGTA670NRUG
Price Level of Household Consumption for Poland
PLCCPPPLA670NRUG
Price Level of Capital Formation for Panama
PLICPPPAA670NRUG
Price Level of Capital Formation for Finland
PLICPPFIA670NRUG
Price Level of Exports for Mauritania
PLXCPPMRA670NRUG
Price Level of Exports for Canada
PLXCPPCAA670NRUG
Citation
U.S. Federal Reserve, Price Level of Household Consumption for El Salvador (PLCCPPSVA670NRUG), retrieved from FRED.