Price Level of Imports for El Salvador
PLMCPPSVA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.57
Year-over-Year Change
-3.55%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Imports for El Salvador measures the cost of goods and services imported into the country. This metric is important for economists and policymakers to assess 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 El Salvador represents the price index for all goods and services imported into the country. It is a key indicator of import-driven inflation and can inform trade and monetary policies.
Methodology
The data is calculated based on prices reported by importers and customs authorities.
Historical Context
Policymakers use this metric to monitor the impact of imports on domestic prices and competitiveness.
Key Facts
- The index base year is 2015.
- Imports account for over 50% of El Salvador's GDP.
- The trend has shown volatility in recent years.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for El Salvador measures the cost of goods and services imported into the country. It represents a price index for all imported products.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing trade dynamics, import-driven inflation, and the competitiveness of domestic industries in El Salvador.
Q: How is this data collected or calculated?
A: The data is calculated based on prices reported by importers and customs authorities.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to monitor the impact of imports on domestic prices and competitiveness, which can inform trade and monetary policies.
Q: Are there update delays or limitations?
A: The data is published regularly, but there may be lags in reporting due to the nature of import transactions.
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Citation
U.S. Federal Reserve, Price Level of Imports for El Salvador (PLMCPPSVA670NRUG), retrieved from FRED.