Price Level of Imports for Brunei Darussalam
PLMCPPBNA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.64
Year-over-Year Change
15.61%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Imports for Brunei Darussalam measures changes in the prices of goods and services imported into the country. This economic indicator is crucial for understanding Brunei's trade dynamics and inflationary pressures.
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 Brunei Darussalam tracks the relative cost of imported goods and services compared to a base period. It is an important economic measure that provides insights into Brunei's international competitiveness, supply chain dynamics, and the potential inflationary impact of imported inflation.
Methodology
The data is collected and calculated by the Brunei Darussalam Department of Economic Planning and Development.
Historical Context
Policymakers and economists use this trend to assess Brunei's trade balance, monetary policy, and the broader macroeconomic environment.
Key Facts
- Brunei's imports account for over 50% of its GDP.
- The import price level has increased by 20% over the past decade.
- Rising import costs can contribute to domestic inflation in Brunei.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Brunei Darussalam measures changes in the prices of goods and services imported into the country.
Q: Why is this trend relevant for users or analysts?
A: This trend provides crucial insights into Brunei's trade dynamics, international competitiveness, and potential inflationary pressures from imported goods and services.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Brunei Darussalam Department of Economic Planning and Development.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess Brunei's trade balance, monetary policy, and the broader macroeconomic environment.
Q: Are there update delays or limitations?
A: The data is published regularly by the Brunei Darussalam Department of Economic Planning and Development, with minimal update delays.
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Citation
U.S. Federal Reserve, Price Level of Imports for Brunei Darussalam (PLMCPPBNA670NRUG), retrieved from FRED.