Price Level of Imports for Israel
PLMCPPILA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.59
Year-over-Year Change
5.43%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Imports for Israel measures changes in the prices of goods and services imported into the Israeli economy. This metric is crucial for economists and policymakers to monitor the cost of foreign trade and its impact on domestic inflation.
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 Israel tracks the overall price movements of products and services purchased from other countries. It provides insight into the purchasing power of the Israeli currency and the competitiveness of Israeli exports in global markets.
Methodology
The data is collected by the Israeli Central Bureau of Statistics through surveys of import transactions.
Historical Context
This trend is used by the Bank of Israel and other government agencies to assess the impact of global economic conditions on the domestic economy.
Key Facts
- The base year for the Price Level of Imports for Israel is 2010.
- This index is published monthly by the Israeli Central Bureau of Statistics.
- Fluctuations in the import price index can affect the competitiveness of Israeli exports.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Israel measures changes in the overall prices of goods and services imported into the Israeli economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding the cost of foreign trade and its impact on domestic inflation, as well as the competitiveness of Israeli exports in global markets.
Q: How is this data collected or calculated?
A: The data is collected by the Israeli Central Bureau of Statistics through surveys of import transactions.
Q: How is this trend used in economic policy?
A: The Price Level of Imports for Israel is used by the Bank of Israel and other government agencies to assess the impact of global economic conditions on the domestic economy.
Q: Are there update delays or limitations?
A: The import price index is published monthly, with no significant delays or limitations reported.
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Citation
U.S. Federal Reserve, Price Level of Imports for Israel (PLMCPPILA670NRUG), retrieved from FRED.