Price Level of Imports for Armenia
PLMCPPAMA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.59
Year-over-Year Change
12.65%
Date Range
1/1/1990 - 1/1/2019
Summary
The Price Level of Imports for Armenia is an economic indicator that tracks the average change in prices of goods and services imported into Armenia over time. It is an important measure for understanding Armenia's trade dynamics and the overall competitiveness of its imports.
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 price level of goods and services imported into Armenia, providing insights into the country's international trade patterns and cost competitiveness. It is used by economists, policymakers, and businesses to analyze Armenia's import trends and the impact on domestic prices and inflation.
Methodology
The data is collected by the Central Bank of Armenia and calculated based on a weighted average of import prices.
Historical Context
The Price Level of Imports for Armenia is a key indicator for monitoring the country's trade policies and exchange rate management.
Key Facts
- The base year for the Price Level of Imports for Armenia index is 2015.
- Armenia's imports are dominated by machinery, mineral fuels, and agricultural products.
- The price level of imports can affect domestic inflation and the purchasing power of Armenian consumers.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Armenia measures the average change in prices of goods and services imported into the country over time.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into Armenia's international trade dynamics, cost competitiveness, and the potential impact on domestic prices and inflation.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Armenia and calculated based on a weighted average of import prices.
Q: How is this trend used in economic policy?
A: The Price Level of Imports for Armenia is used by policymakers and economists to monitor the country's trade policies and exchange rate management.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Armenia, but there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Price Level of Imports for Armenia (PLMCPPAMA670NRUG), retrieved from FRED.