Price Level of Imports for New Zealand
PLMCPPNZA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.67
Year-over-Year Change
13.42%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Imports for New Zealand measures the average price level of imported goods and services in the New Zealand economy. This metric is crucial for understanding the country's 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 New Zealand represents the average price index for goods and services imported into the country. This trend is used by economists and policymakers to assess the impact of international trade and exchange rate fluctuations on domestic prices and competitiveness.
Methodology
The data is collected by Statistics New Zealand through surveys of import prices.
Historical Context
The import price index is a key input for monitoring New Zealand's balance of trade and developing appropriate monetary and fiscal policies.
Key Facts
- New Zealand is a small, open economy heavily dependent on international trade.
- Import prices can significantly impact domestic inflation and consumer purchasing power.
- Monitoring import prices is crucial for the Reserve Bank of New Zealand's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for New Zealand measures the average price level of goods and services imported into the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding New Zealand's trade dynamics, inflationary pressures, and competitiveness in the global marketplace.
Q: How is this data collected or calculated?
A: The data is collected by Statistics New Zealand through surveys of import prices.
Q: How is this trend used in economic policy?
A: The import price index is a key input for monitoring New Zealand's balance of trade and developing appropriate monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The Price Level of Imports for New Zealand data is published quarterly with a short delay, providing policymakers and analysts with timely information.
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Citation
U.S. Federal Reserve, Price Level of Imports for New Zealand (PLMCPPNZA670NRUG), retrieved from FRED.