Consumer Price Index for Australia
Index 2010=100, Annual, Not Seasonally Adjusted
DDOE01AUA086NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117.17
Year-over-Year Change
33.25%
Date Range
1/1/1960 - 1/1/2017
Summary
The 'Index 2010=100, Annual, Not Seasonally Adjusted' economic trend measures the annual, unadjusted index of the nominal effective exchange rate for the U.S. dollar, a key indicator of the dollar's international value and trade competitiveness.
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
The nominal effective exchange rate (NEER) index tracks the value of the U.S. dollar relative to a basket of major trading partner currencies. It provides insight into the dollar's overall strength and can signal shifts in the country's trade position and purchasing power in global markets.
Methodology
The data is calculated by the World Bank based on official exchange rates and trade weights.
Historical Context
Economists and policymakers monitor the NEER index to assess the U.S. dollar's competitiveness and potential impacts on exports, imports, and the trade balance.
Key Facts
- The NEER index uses 2010 as the base year with a value of 100.
- The index is calculated as a weighted average of exchange rates with major U.S. trading partners.
- A higher NEER index indicates a stronger U.S. dollar relative to trading partners.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2010=100, Annual, Not Seasonally Adjusted' trend measures the annual, unadjusted index of the nominal effective exchange rate (NEER) for the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: The NEER index provides insight into the overall strength and international competitiveness of the U.S. dollar, which is a key factor for economists and policymakers analyzing trade, exports, imports, and the broader economy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank based on official exchange rates and trade weights.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor the NEER index to assess the U.S. dollar's competitiveness and potential impacts on exports, imports, and the trade balance.
Q: Are there update delays or limitations?
A: The NEER index data is published annually with no significant update delays, providing a reliable long-term view of the dollar's exchange rate trends.
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Citation
U.S. Federal Reserve, Index 2010=100, Annual, Not Seasonally Adjusted (DDOE01AUA086NWDB), retrieved from FRED.