Price Level of Imports for Sao Tome and Principe
PLMCPPSTA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.63
Year-over-Year Change
16.91%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Imports for Sao Tome and Principe tracks the changes in the prices of goods and services imported into Sao Tome and Principe. This measure is a key indicator for policymakers and economists analyzing the country's trade and economic performance.
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 Sao Tome and Principe is an index that measures the relative change in prices of imported goods and services over time. This provides insights into the cost competitiveness of the country's imports and can inform trade and exchange rate policies.
Methodology
The data is collected through surveys of businesses and trade statistics.
Historical Context
The import price index is used by policymakers and analysts to evaluate the impact of trade and exchange rate dynamics on the domestic economy.
Key Facts
- Sao Tome and Principe is a small island nation located in the Gulf of Guinea.
- Import prices account for a significant portion of the country's overall price level.
- Tracking import prices helps assess the competitiveness of Sao Tome and Principe's trade.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Sao Tome and Principe measures the changes in the prices of goods and services imported into the country over time.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into the cost competitiveness of Sao Tome and Principe's imports, which is important for understanding the country's trade dynamics and economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and trade statistics.
Q: How is this trend used in economic policy?
A: The import price index is used by policymakers and analysts to evaluate the impact of trade and exchange rate dynamics on the domestic economy.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting and may not capture all aspects of the import market.
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Citation
U.S. Federal Reserve, Price Level of Imports for Sao Tome and Principe (PLMCPPSTA670NRUG), retrieved from FRED.