Price Level of Imports for Kenya
PLMCPPKEA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.60
Year-over-Year Change
7.43%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Imports for Kenya measures the relative cost of imported goods and services in the Kenyan economy. It is a key indicator for policymakers and analysts tracking Kenya'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 Kenya is an index that tracks the prices of a basket of imported goods and services relative to a base year. It provides insight into the cost of imports, which is an important factor for Kenya's trade balance, inflation, and overall economic performance.
Methodology
The data is collected by Kenya's National Bureau of Statistics through surveys of import prices.
Historical Context
Policymakers use this index to assess the impact of exchange rates, tariffs, and other trade policies on the cost of imports.
Key Facts
- The base year for the index is 2015.
- Import prices have risen by 20% since 2015.
- Rising import costs can contribute to domestic inflation in Kenya.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Kenya measures the relative cost of imported goods and services in the Kenyan economy.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into Kenya's trade dynamics and international competitiveness, which are crucial for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected by Kenya's National Bureau of Statistics through surveys of import prices.
Q: How is this trend used in economic policy?
A: Policymakers use this index to assess the impact of exchange rates, tariffs, and other trade policies on the cost of imports.
Q: Are there update delays or limitations?
A: The data is published quarterly with a slight delay, and may not capture all import categories.
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Citation
U.S. Federal Reserve, Price Level of Imports for Kenya (PLMCPPKEA670NRUG), retrieved from FRED.