Price Level of Government Consumption for Japan
PLGCPPJPA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.93
Year-over-Year Change
2.19%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Government Consumption for Japan tracks changes in the price of goods and services purchased by the Japanese government. It is an important indicator for economists and policymakers assessing the fiscal health and inflationary pressures in the Japanese economy.
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 measures the price level of government consumption expenditures in Japan, which includes spending on public services, infrastructure, and other goods and services procured by the government. It is a key component of Japan's gross domestic product and helps provide insight into the cost drivers of public spending.
Methodology
The data is calculated by the OECD using national accounts statistics and price indices.
Historical Context
Policymakers and analysts use this trend to evaluate the impact of government spending on inflation and the overall fiscal position.
Key Facts
- The series is indexed to the year 2015 = 100.
- Government consumption accounts for around 20% of Japan's GDP.
- Prices of government consumption have risen steadily since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the price level of goods and services purchased by the Japanese government, including public services, infrastructure, and other procurement.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into inflationary pressures on government spending, which is a key component of Japan's overall economic activity and fiscal policy.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using national accounts statistics and price indices.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the impact of government spending on inflation and the overall fiscal position in Japan.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Japan (PLGCPPJPA670NRUG), retrieved from FRED.