Price Level of Imports for Mauritius
PLMCPPMUA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.55
Year-over-Year Change
-1.71%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Imports for Mauritius measures the overall price change of imported goods and services in the Mauritian economy. It is a key indicator for tracking import inflation and assessing the country's international trade dynamics.
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 Mauritius is an index that captures the price movements of a representative basket of imported commodities, manufactured goods, and services. It provides insight into the competitiveness of Mauritian imports and can inform trade, monetary, and fiscal policies.
Methodology
The data is collected through surveys of import prices and calculated as an index with a base year of 2015.
Historical Context
Policymakers and economists use this trend to evaluate the impact of exchange rates, tariffs, and global supply chain shifts on Mauritius' trade balance and domestic inflation.
Key Facts
- Mauritius is a small island nation heavily dependent on imports.
- The price level of imports rose by 8.2% in 2022 compared to the previous year.
- Mauritius aims to diversify its import sources to reduce vulnerability to global supply chain disruptions.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Mauritius measures the overall price change of a representative basket of imported goods and services in the Mauritian economy.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into import inflation, trade competitiveness, and the impact of exchange rates and trade policies on Mauritius' international trade dynamics.
Q: How is this data collected or calculated?
A: The data is collected through surveys of import prices and calculated as an index with a base year of 2015.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to evaluate the impact of exchange rates, tariffs, and global supply chain shifts on Mauritius' trade balance and domestic inflation.
Q: Are there update delays or limitations?
A: The data is published with a lag, and the index may not capture all aspects of import prices due to the challenges of surveying a diverse range of imported goods and services.
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Citation
U.S. Federal Reserve, Price Level of Imports for Mauritius (PLMCPPMUA670NRUG), retrieved from FRED.