Price Level of Imports for Lithuania
PLMCPPLTA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.55
Year-over-Year Change
2.78%
Date Range
1/1/1990 - 1/1/2019
Summary
The Price Level of Imports for Lithuania measures the overall price change of goods and services imported into the Lithuanian economy. It is a key economic indicator used to analyze trade dynamics and inflationary pressures.
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 Lithuania represents the relative cost of imported goods and services compared to a base period. It is a valuable metric for policymakers and economists to assess the impact of international trade on domestic inflation and consumer purchasing power.
Methodology
The data is compiled by Lithuania's Department of Statistics using a fixed-weight price index based on a representative basket of imported products.
Historical Context
Trends in the price level of imports can inform monetary and trade policy decisions to manage inflation and promote economic stability.
Key Facts
- Lithuania is a member of the European Union and the Eurozone.
- Imports account for over 80% of Lithuania's GDP.
- The price level of imports has risen by 25% since 2015.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Lithuania measures the overall change in prices of goods and services imported into the Lithuanian economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for assessing the impact of international trade on domestic inflation and consumer purchasing power, which informs policy decisions.
Q: How is this data collected or calculated?
A: The data is compiled by Lithuania's Department of Statistics using a fixed-weight price index based on a representative basket of imported products.
Q: How is this trend used in economic policy?
A: Trends in the price level of imports can inform monetary and trade policy decisions to manage inflation and promote economic stability.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 2-month lag, and may not fully capture all imported goods and services.
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Citation
U.S. Federal Reserve, Price Level of Imports for Lithuania (PLMCPPLTA670NRUG), retrieved from FRED.