Price Level of Imports for Switzerland
PLMCPPCHA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.72
Year-over-Year Change
13.00%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Imports for Switzerland measures the inflation rate for imported goods and services in the Swiss economy. This metric is crucial for analyzing the overall price dynamics and trade competitiveness of the country.
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 Switzerland tracks the changes in prices of goods and services imported into the country. It serves as an important indicator of Switzerland's purchasing power and trade position relative to its trading partners.
Methodology
The data is collected through comprehensive surveys of Swiss importers and calculated using a variety of statistical methods.
Historical Context
This trend is widely used by Swiss policymakers, economists, and financial analysts to understand inflationary pressures and guide monetary and trade policy decisions.
Key Facts
- Switzerland is a major importer of goods and services.
- The price level of imports can impact the country's overall inflation rate.
- Changes in import prices affect the competitiveness of Swiss exports.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Switzerland measures the inflation rate for imported goods and services in the Swiss economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for analyzing the overall price dynamics and trade competitiveness of the Swiss economy.
Q: How is this data collected or calculated?
A: The data is collected through comprehensive surveys of Swiss importers and calculated using a variety of statistical methods.
Q: How is this trend used in economic policy?
A: This trend is widely used by Swiss policymakers, economists, and financial analysts to understand inflationary pressures and guide monetary and trade policy decisions.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Federal Reserve and can be accessed through the FRED database.
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Citation
U.S. Federal Reserve, Price Level of Imports for Switzerland (PLMCPPCHA670NRUG), retrieved from FRED.