Price Level of Household Consumption for Viet Nam
PLCCPPVNA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.35
Year-over-Year Change
32.77%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Household Consumption for Viet Nam measures the general price level of goods and services consumed by Vietnamese households. This key economic indicator provides insights into the cost of living and consumer price trends 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 series represents an index of the price level for household consumption expenditures in Viet Nam. It is a crucial metric for policymakers and economists to gauge inflationary pressures and the purchasing power of Vietnamese consumers.
Methodology
The data is collected through national surveys and compiled by the General Statistics Office of Viet Nam.
Historical Context
Monitoring this price index helps inform monetary and fiscal policies aimed at maintaining price stability and economic growth.
Key Facts
- The base year for this index is 2010.
- Viet Nam has experienced moderate inflation in recent years.
- Household consumption accounts for over 60% of Viet Nam's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the general price level of goods and services consumed by Vietnamese households. It is an important indicator of inflationary pressures and consumer purchasing power.
Q: Why is this trend relevant for users or analysts?
A: This price index is crucial for policymakers and economists to monitor the cost of living and consumer price trends in Viet Nam, which informs decisions on monetary and fiscal policies.
Q: How is this data collected or calculated?
A: The data is collected through national surveys and compiled by the General Statistics Office of Viet Nam.
Q: How is this trend used in economic policy?
A: Monitoring the Price Level of Household Consumption helps inform monetary and fiscal policies aimed at maintaining price stability and supporting economic growth in Viet Nam.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be occasional delays in reporting due to the time required for data collection and compilation.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Viet Nam (PLCCPPVNA670NRUG), retrieved from FRED.