Price Level of Imports for Angola
PLMCPPAOA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.61
Year-over-Year Change
4.31%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Imports for Angola measures the change in prices of goods and services imported into Angola. This data point is crucial for understanding Angola's trade dynamics and 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 Price Level of Imports for Angola tracks the average change in prices of a basket of imported goods and services over time. This metric is used by economists and policymakers to assess Angola's trade position, exchange rate movements, and the domestic impact of international price fluctuations.
Methodology
The data is collected by Angola's National Statistical Office through surveys of importers and customs records.
Historical Context
The Price Level of Imports index is a key indicator for Angola's monetary and trade policies.
Key Facts
- Angola is a major oil exporter, so import prices heavily impact its economy.
- Tracking import prices helps policymakers manage inflation and exchange rate stability.
- The index is published monthly with a 1-2 month delay.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Angola 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 data point is crucial for understanding Angola's trade dynamics, exchange rate movements, and the domestic impact of international price fluctuations.
Q: How is this data collected or calculated?
A: The data is collected by Angola's National Statistical Office through surveys of importers and customs records.
Q: How is this trend used in economic policy?
A: The Price Level of Imports index is a key indicator for Angola's monetary and trade policies, helping policymakers manage inflation and exchange rate stability.
Q: Are there update delays or limitations?
A: The index is published monthly with a 1-2 month delay.
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Citation
U.S. Federal Reserve, Price Level of Imports for Angola (PLMCPPAOA670NRUG), retrieved from FRED.