Price Level of Imports for Saudi Arabia
PLMCPPSAA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.67
Year-over-Year Change
16.07%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Imports for Saudi Arabia measures the relative price changes of imported goods and services in the Saudi Arabian economy. This data point is closely watched by economists and policymakers to understand 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
This economic indicator tracks the price changes of a basket of imported goods and services over time, providing insight into the purchasing power of the Saudi Arabian currency and the competitiveness of imported products in the domestic market. It is a key metric for assessing the cost of imports and the potential impact on consumer prices and overall inflation.
Methodology
The data is collected and calculated by the Saudi Arabian Monetary Authority based on a survey of prices for a representative sample of imported goods and services.
Historical Context
The Price Level of Imports for Saudi Arabia is an important indicator for policymakers and market analysts as they evaluate the country's trade balance, exchange rate dynamics, and potential inflationary risks.
Key Facts
- Saudi Arabia is one of the world's largest importers of goods and services.
- Tracking import prices helps assess the impact on domestic inflation.
- The data is released monthly by the Saudi Arabian Monetary Authority.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Saudi Arabia measures the relative price changes of imported goods and services in the Saudi Arabian economy.
Q: Why is this trend relevant for users or analysts?
A: This data point is closely watched by economists and policymakers to understand the country's trade dynamics and inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Saudi Arabian Monetary Authority based on a survey of prices for a representative sample of imported goods and services.
Q: How is this trend used in economic policy?
A: The Price Level of Imports for Saudi Arabia is an important indicator for policymakers and market analysts as they evaluate the country's trade balance, exchange rate dynamics, and potential inflationary risks.
Q: Are there update delays or limitations?
A: The data is released monthly by the Saudi Arabian Monetary Authority, providing timely information on import price trends.
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Citation
U.S. Federal Reserve, Price Level of Imports for Saudi Arabia (PLMCPPSAA670NRUG), retrieved from FRED.