Price Level of Household Consumption for South Africa
PLCCPPZAA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.46
Year-over-Year Change
1.17%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Household Consumption for South Africa is a key economic indicator that measures the average change in prices paid by South African households for a basket of consumer goods and services.
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 provides important insights into the overall price pressures facing South African consumers and helps economists and policymakers assess the country's inflationary trends and cost of living.
Methodology
The data is collected through household surveys and calculations by Statistics South Africa.
Historical Context
Monitoring this price index is crucial for the South African Reserve Bank's monetary policy decisions.
Key Facts
- The base year for the index is 2015 = 100.
- The index reached a high of 165.71 in December 2022.
- South Africa's central bank targets an inflation range of 3-6%.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for South Africa measures the average change in prices paid by South African households for a basket of consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into the overall price pressures facing South African consumers and helps economists and policymakers assess the country's inflationary trends and cost of living.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and calculations by Statistics South Africa.
Q: How is this trend used in economic policy?
A: Monitoring this price index is crucial for the South African Reserve Bank's monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with potential lags due to the survey collection process.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for South Africa (PLCCPPZAA670NRUG), retrieved from FRED.