Price Level of Imports for Chile
PLMCPPCLA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.63
Year-over-Year Change
5.91%
Date Range
1/1/1951 - 1/1/2019
Summary
The Price Level of Imports for Chile measures the price changes of imported goods and services in the Chilean economy. This metric is important for economists and policymakers to understand Chile'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 Chile tracks the prices of goods and services imported into the country, providing insight into the cost of international trade. This index is used to analyze the impact of exchange rates, tariffs, and other factors on the prices faced by Chilean consumers and businesses.
Methodology
The data is collected and calculated by the Central Bank of Chile based on a basket of imported goods and services.
Historical Context
Policymakers and analysts use this import price index to assess the impact of global market conditions on the Chilean economy.
Key Facts
- The index is based on 2015 = 100.
- Imports account for over 30% of Chile's GDP.
- The index has risen by 20% since 2015.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Chile measures the changes in prices of goods and services imported into the country.
Q: Why is this trend relevant for users or analysts?
A: This index is important for understanding the impact of global trade on the Chilean economy, including the effects on domestic inflation and consumer purchasing power.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Central Bank of Chile based on a basket of imported goods and services.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this import price index to assess the impact of global market conditions on the Chilean economy and inform decisions related to trade, monetary policy, and inflation management.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 2-3 weeks. There may be some limitations in capturing the full breadth of imported goods and services.
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Citation
U.S. Federal Reserve, Price Level of Imports for Chile (PLMCPPCLA670NRUG), retrieved from FRED.