Price Level of Imports for Dominica
PLMCPPDMA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.55
Year-over-Year Change
7.26%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Imports for Dominica measures the price changes of goods and services imported into the country. This metric is important for economists and policymakers to understand the country's trade dynamics and inflation 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 Dominica is an index that tracks the prices of a basket of imported goods and services. It provides insight into the cost of goods entering the domestic economy, which can influence consumer prices, competitiveness, and trade flows.
Methodology
The data is collected through surveys of importers and customs records.
Historical Context
This metric helps policymakers assess the impact of global supply chain disruptions and exchange rate movements on the local economy.
Key Facts
- Dominica is a small island nation in the Caribbean.
- Imports account for a significant portion of Dominica's GDP.
- The price level of imports can impact the country's cost of living and competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Dominica 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 metric is important for understanding Dominica's trade dynamics, inflation pressures, and the impact of global supply chain and exchange rate fluctuations on the local economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of importers and customs records.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to assess the impact of global economic conditions on Dominica's trade, prices, and competitiveness, and to inform policy decisions.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting and can be influenced by various factors, such as exchange rate movements and changes in trade patterns.
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Citation
U.S. Federal Reserve, Price Level of Imports for Dominica (PLMCPPDMA670NRUG), retrieved from FRED.