Price Level of Household Consumption for Syrian Arab Republic
PLCCPPSYA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.29
Year-over-Year Change
-23.90%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Household Consumption for Syrian Arab Republic measures the price changes for goods and services purchased by Syrian households. It is a key indicator of inflation and consumer spending in the country.
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 the average change in prices paid by Syrian consumers for a basket of household goods and services. It is used by economists and policymakers to understand the cost of living and assess the broader economic conditions in Syria.
Methodology
The data is collected through household surveys and compiled by the Syrian Central Bureau of Statistics.
Historical Context
This indicator provides important context for evaluating the state of the Syrian economy and informing economic policies.
Key Facts
- Syria has faced significant economic challenges due to ongoing political instability.
- Household consumption accounts for a large portion of Syria's GDP.
- The price index can help track the impact of economic shocks on Syrian consumers.
FAQs
Q: What does this economic trend measure?
A: This index measures the average change in prices paid by Syrian households for a basket of consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into the cost of living and inflationary pressures facing Syrian consumers, which is crucial for understanding the country's broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and compiled by the Syrian Central Bureau of Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to evaluate the impact of economic policies on Syrian households and to inform decisions related to monetary policy, social welfare programs, and other areas.
Q: Are there update delays or limitations?
A: Due to the ongoing political and economic challenges in Syria, there may be delays or limitations in the availability and reliability of this data.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Syrian Arab Republic (PLCCPPSYA670NRUG), retrieved from FRED.