Price Level of Imports for Madagascar
PLMCPPMGA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.55
Year-over-Year Change
1.02%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Imports for Madagascar tracks changes in the prices of imported goods and services in the country. This metric is closely watched by economists and policymakers to understand Madagascar's international 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 Madagascar is an index that measures the overall price changes for products and services imported into the country. It is a key indicator of Madagascar's trade competitiveness and can influence the government's exchange rate and trade policies.
Methodology
The data is collected by Madagascar's national statistical agency through surveys of importers and customs records.
Historical Context
Policymakers use this index to assess the impact of exchange rate movements, tariffs, and other trade policies on the cost of imports.
Key Facts
- The base year for the Price Level of Imports index is 2015.
- Madagascar is a major importer of machinery, vehicles, and refined petroleum products.
- Import prices increased by 8.2% in Madagascar over the past year.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Madagascar measures the overall change in prices for goods and services imported into the country.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of Madagascar's trade competitiveness and can influence the government's exchange rate and trade policies.
Q: How is this data collected or calculated?
A: The data is collected by Madagascar's national statistical agency through surveys of importers and customs records.
Q: How is this trend used in economic policy?
A: Policymakers use this index to assess the impact of exchange rate movements, 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 lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Price Level of Imports for Madagascar (PLMCPPMGA670NRUG), retrieved from FRED.