Price Level of Imports for Egypt
PLMCPPEGA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.76
Year-over-Year Change
34.17%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Imports for Egypt measures the change in prices of goods and services imported into Egypt. It is a key indicator of Egypt's trade dynamics and international competitiveness.
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 Egypt tracks the inflation rate of products and services purchased from other countries. It is used by economists and policymakers to understand Egypt's trade balance, exchange rate movements, and the impact of global supply chain shifts.
Methodology
The data is collected and calculated by the Federal Reserve based on import price indices reported by Egypt's central bank.
Historical Context
This trend is monitored closely by the Egyptian government and international institutions to inform trade, monetary, and fiscal policies.
Key Facts
- Egypt is a major importer of goods and services.
- Import prices affect domestic inflation and consumer purchasing power.
- Monitoring import prices helps policymakers manage trade deficits.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Egypt tracks changes in the prices of goods and services imported into the country. It is a key metric of Egypt's trade dynamics and international competitiveness.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for understanding Egypt's trade balance, exchange rate movements, and the impact of global supply chain shifts on the domestic economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Federal Reserve based on import price indices reported by Egypt's central bank.
Q: How is this trend used in economic policy?
A: The Price Level of Imports for Egypt is closely monitored by the Egyptian government and international institutions to inform trade, monetary, and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but may be subject to revisions and delays due to the complexities of international trade data collection.
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Citation
U.S. Federal Reserve, Price Level of Imports for Egypt (PLMCPPEGA670NRUG), retrieved from FRED.