Price Level of Government Consumption for Islamic Republic of Iran
PLGCPPIRA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.34
Year-over-Year Change
145.03%
Date Range
1/1/1955 - 1/1/2019
Summary
The Price Level of Government Consumption for Islamic Republic of Iran measures the price index for government consumption expenditures in the country. This indicator is crucial for understanding inflationary pressures and fiscal policy dynamics.
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 tracks the relative cost of government consumption goods and services in Iran over time. It is used by economists and policymakers to analyze the purchasing power of government spending and inform budgetary decisions.
Methodology
The data is calculated based on national accounts statistics collected by Iran's Central Bank.
Historical Context
Monitoring this price index helps the government assess the real value of its fiscal outlays and adjust policies accordingly.
Key Facts
- The base year for this index is 2010.
- Government consumption is around 15% of Iran's GDP.
- Tracking this index helps monitor the real value of public sector budgets.
FAQs
Q: What does this economic trend measure?
A: This series measures the price index for government consumption expenditures in Iran. It tracks the relative cost of goods and services purchased by the public sector.
Q: Why is this trend relevant for users or analysts?
A: Monitoring this price index is important for understanding inflationary pressures and assessing the real purchasing power of government budgets and fiscal policy.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts statistics collected by Iran's Central Bank.
Q: How is this trend used in economic policy?
A: Policymakers use this index to help determine the real value of government spending and make informed budgetary decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short lag, providing timely insights into government consumption dynamics.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Islamic Republic of Iran (PLGCPPIRA670NRUG), retrieved from FRED.