Price Level of Imports for Estonia
PLMCPPEEA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.59
Year-over-Year Change
2.47%
Date Range
1/1/1990 - 1/1/2019
Summary
The Price Level of Imports for Estonia measures the price changes of goods and services imported into the Estonian economy. This data is crucial for analyzing the international competitiveness and inflationary pressures faced by the country.
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 Estonia tracks the average prices of a basket of imported goods and services over time. This metric is used by economists and policymakers to assess how changes in global trade and exchange rates are impacting domestic inflation and the purchasing power of Estonian consumers and businesses.
Methodology
The data is collected by Estonia's National Statistical Office through surveys of importers and customs records.
Historical Context
This import price index is a key input for Estonia's monetary and trade policies.
Key Facts
- Estonia is a highly trade-dependent economy.
- Import prices affect domestic inflation and consumer purchasing power.
- This index tracks changes in the cost of a broad basket of imported goods.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Estonia measures the average price changes of goods and services imported into the Estonian economy over time.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding how global trade dynamics and exchange rate fluctuations impact domestic inflation and the competitiveness of Estonian businesses.
Q: How is this data collected or calculated?
A: The data is collected by Estonia's National Statistical Office through surveys of importers and customs records.
Q: How is this trend used in economic policy?
A: The import price index is a key input for Estonia's monetary and trade policies, as it helps policymakers assess inflationary pressures and the international competitiveness of the Estonian economy.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a lag of several weeks.
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Citation
U.S. Federal Reserve, Price Level of Imports for Estonia (PLMCPPEEA670NRUG), retrieved from FRED.