Price Level of Imports for Ethiopia
PLMCPPETA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.59
Year-over-Year Change
11.13%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Imports for Ethiopia measures changes in the general price level of goods and services imported into Ethiopia. It is a key indicator of Ethiopia's international trade and economic conditions.
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 Ethiopia tracks the average change in prices of a representative basket of goods and services imported by Ethiopia. It is used by economists and policymakers to understand Ethiopia's purchasing power, trade dynamics, and inflationary pressures.
Methodology
The data is collected through surveys of importers and customs records.
Historical Context
This metric informs decisions around trade policy, exchange rates, and Ethiopia's macroeconomic management.
Key Facts
- Ethiopia is a major importer of goods and services.
- Import prices affect domestic inflation and purchasing power.
- Tracking import prices is crucial for policymakers managing Ethiopia's trade and economic conditions.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Ethiopia measures changes in the general price level of goods and services imported into the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for understanding Ethiopia's trade dynamics, purchasing power, and inflationary pressures.
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: This metric informs decisions around trade policy, exchange rates, and Ethiopia's macroeconomic management.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags and can be influenced by factors like exchange rate fluctuations.
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Citation
U.S. Federal Reserve, Price Level of Imports for Ethiopia (PLMCPPETA670NRUG), retrieved from FRED.