Price Level of Imports for Colombia
PLMCPPCOA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.59
Year-over-Year Change
5.60%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Imports for Colombia measures the changes in the prices of goods and services imported into Colombia. This metric is important for understanding the country'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 Colombia tracks the cost of a basket of imported goods and services over time. It is a key indicator for policymakers and economists analyzing Colombia's international trade, domestic inflation, and exchange rate movements.
Methodology
The data is collected by Colombia's national statistical agency through surveys of importers and customs records.
Historical Context
Trends in the price level of imports can inform monetary and trade policies in Colombia.
Key Facts
- Colombia is a major importer of goods and services.
- Import prices can impact domestic inflation in Colombia.
- The data is published monthly by Colombia's national statistics agency.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Colombia measures the changes in prices of goods and services imported into the country over time.
Q: Why is this trend relevant for users or analysts?
A: Trends in import prices are important for understanding Colombia's trade dynamics, exchange rate movements, and domestic inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected by Colombia's national statistical agency through surveys of importers and customs records.
Q: How is this trend used in economic policy?
A: Trends in the price level of imports can inform monetary and trade policies in Colombia.
Q: Are there update delays or limitations?
A: The data is published monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Price Level of Imports for Colombia (PLMCPPCOA670NRUG), retrieved from FRED.