Price Level of Imports for Mexico
PLMCPPMXA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.66
Year-over-Year Change
11.51%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Imports for Mexico is an economic indicator that measures the price changes of goods and services imported into Mexico. It is an important metric for analyzing Mexico's international trade dynamics and 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 Mexico tracks the inflation of imported products consumed within the country. This index is used by economists and policymakers to assess the impact of exchange rates, tariffs, and other factors on the cost of goods imported into Mexico.
Methodology
The data is collected and calculated by the Mexican National Institute of Statistics and Geography (INEGI).
Historical Context
This metric is closely monitored by the Bank of Mexico and other institutions to inform monetary and trade policies.
Key Facts
- Mexico is the second-largest trading partner of the United States.
- The Price Level of Imports for Mexico has increased by over 30% since 2015.
- Fluctuations in this index can impact the cost of goods for Mexican consumers and businesses.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Mexico measures the inflation of goods and services imported into the country. It tracks the changes in prices of a representative basket of imported products.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator for assessing Mexico's international trade dynamics and competitiveness. It helps economists and policymakers understand the impact of exchange rates, tariffs, and other factors on the cost of imported goods.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Mexican National Institute of Statistics and Geography (INEGI).
Q: How is this trend used in economic policy?
A: The Price Level of Imports for Mexico is closely monitored by the Bank of Mexico and other institutions to inform monetary and trade policies, as fluctuations in this index can impact the cost of goods for Mexican consumers and businesses.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 2-3 weeks. There may be occasional revisions to previously reported figures.
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Citation
U.S. Federal Reserve, Price Level of Imports for Mexico (PLMCPPMXA670NRUG), retrieved from FRED.