Price Level of Imports for Djibouti
PLMCPPDJA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.58
Year-over-Year Change
5.00%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Imports for Djibouti measures the price paid for goods and services imported into Djibouti's economy. This metric is important for economists and policymakers to understand Djibouti's trade dynamics and broader 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 Djibouti is an index that tracks the changes in prices of a representative basket of imported goods and services over time. It provides insight into Djibouti's purchasing power, international competitiveness, and import-driven inflation.
Methodology
The data is collected through surveys of import transactions and calculated as an index relative to a base year.
Historical Context
Policymakers use this metric to assess the impact of exchange rates, trade policies, and global market conditions on Djibouti's economy.
Key Facts
- Djibouti is a major regional trade hub in East Africa.
- Import prices can significantly impact Djibouti's cost of living and competitiveness.
- The import price index is a key input for policymakers managing Djibouti's trade and monetary policies.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Djibouti measures the changes in prices of goods and services imported into the Djibouti economy over time.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into Djibouti's trade dynamics, international competitiveness, and domestic inflationary pressures driven by imports.
Q: How is this data collected or calculated?
A: The data is collected through surveys of import transactions and calculated as an index relative to a base year.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to assess the impact of exchange rates, trade policies, and global market conditions on Djibouti's economy and make informed decisions.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions based on the collection and calculation methodology.
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Citation
U.S. Federal Reserve, Price Level of Imports for Djibouti (PLMCPPDJA670NRUG), retrieved from FRED.