Price Level of Household Consumption for Zambia
PLCCPPZMA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.37
Year-over-Year Change
-0.54%
Date Range
1/1/1955 - 1/1/2019
Summary
The Price Level of Household Consumption for Zambia is an economic indicator that tracks changes in the overall price level of goods and services consumed by households in Zambia. It is a crucial metric for understanding inflation and the purchasing power of Zambian 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 index measures the relative costs of a fixed basket of consumer goods and services in Zambia compared to a base year. It provides insights into the cost of living and helps analysts and policymakers assess the effectiveness of economic policies aimed at stabilizing prices and promoting consumer welfare.
Methodology
The data is collected through household surveys and calculations by the Zambian Central Statistical Office.
Historical Context
The Price Level of Household Consumption is used by the Zambian government, central bank, and international institutions to monitor inflationary pressures and guide economic decision-making.
Key Facts
- The base year for the Zambian Price Level of Household Consumption is 2015.
- Zambia's household consumption price level has increased by 30% since 2015.
- The price level index can be used to compare the cost of living between Zambia and other countries.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Zambia measures the overall cost of a basket of consumer goods and services purchased by households in Zambia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the cost of living and purchasing power of Zambian consumers, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and calculations by the Zambian Central Statistical Office.
Q: How is this trend used in economic policy?
A: The Price Level of Household Consumption is used by the Zambian government, central bank, and international institutions to monitor inflationary pressures and guide economic decision-making.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be some delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Zambia (PLCCPPZMA670NRUG), retrieved from FRED.