Price Level of Imports for Poland
PLMCPPPLA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.62
Year-over-Year Change
5.44%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Imports for Poland measures the price changes of imported goods and services. It is a key indicator for assessing Poland's trade and inflation 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 Poland is an index that tracks the cost of imported goods and services over time. It is used by economists and policymakers to analyze Poland's trade balance, exchange rate movements, and inflationary pressures stemming from external sources.
Methodology
The data is collected and calculated by the Polish Central Statistical Office based on a survey of import prices.
Historical Context
This trend is monitored by the National Bank of Poland and informs its monetary policy decisions.
Key Facts
- Poland is a major importer of goods and services.
- Import prices can significantly impact domestic inflation.
- The index is published monthly by the Polish statistical agency.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Poland measures the price changes of goods and services imported into the country over time.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into Poland's trade dynamics and can signal inflationary pressures from external sources, which is relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the Polish Central Statistical Office through a survey of import prices and calculated as an index.
Q: How is this trend used in economic policy?
A: The National Bank of Poland monitors this trend to help inform its monetary policy decisions, as import prices can significantly impact domestic inflation.
Q: Are there update delays or limitations?
A: The data is published monthly with no significant update delays, providing timely information on Poland's import price dynamics.
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Citation
U.S. Federal Reserve, Price Level of Imports for Poland (PLMCPPPLA670NRUG), retrieved from FRED.