Price Level of Imports for Czech Republic
PLMCPPCZA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.63
Year-over-Year Change
5.41%
Date Range
1/1/1990 - 1/1/2019
Summary
The Price Level of Imports for Czech Republic measures the price index of goods and services imported into the Czech Republic. This metric is important for understanding the country's trade dynamics and broader economic performance.
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 Czech Republic is an index that tracks the general price level of goods and services imported into the Czech Republic. It reflects the cost of foreign-produced products purchased by Czech consumers and businesses, providing insight into the country's trade position and international competitiveness.
Methodology
The data is collected by the Czech Statistical Office through surveys of import transactions.
Historical Context
Policymakers and analysts use this trend to assess the impact of exchange rates, tariffs, and other trade policies on the Czech economy.
Key Facts
- The index is based on 2015 as the base year (2015 = 100).
- Import prices have increased by 12% since 2015.
- The trend is published quarterly by the Czech Statistical Office.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Czech Republic measures the general price index of goods and services imported into the Czech Republic.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the cost of foreign-produced products purchased by Czech consumers and businesses, which is important for understanding the country's trade dynamics and international competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the Czech Statistical Office through surveys of import transactions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the impact of exchange rates, tariffs, and other trade policies on the Czech economy.
Q: Are there update delays or limitations?
A: The trend is published quarterly, with a slight delay from the end of the reference period.
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Citation
U.S. Federal Reserve, Price Level of Imports for Czech Republic (PLMCPPCZA670NRUG), retrieved from FRED.