Price Level of Imports for Thailand
PLMCPPTHA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.70
Year-over-Year Change
15.92%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Imports for Thailand measures changes in the prices of goods and services imported into Thailand. It is a key indicator of Thailand's international trade and competitiveness.
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 Thailand is an index that tracks the overall price changes of imported goods and services over time. It is used by economists and policymakers to assess Thailand's trade dynamics, inflationary pressures, and the cost-competitiveness of its exports.
Methodology
The data is collected through surveys of Thai importers and calculated as an index by the Bank of Thailand.
Historical Context
Trends in the Price Level of Imports can inform Thailand's monetary and trade policies.
Key Facts
- Thailand is a major global exporter of goods like automobiles, electronics, and agricultural products.
- Import prices can affect the cost of production inputs for Thai manufacturers.
- The Price Level of Imports is tracked alongside Thailand's exchange rate and export prices.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Thailand measures changes in the overall prices of goods and services imported into the country over time.
Q: Why is this trend relevant for users or analysts?
A: Trends in import prices are important for assessing Thailand's international trade dynamics, cost competitiveness, and potential inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Thai importers and calculated as an index by the Bank of Thailand.
Q: How is this trend used in economic policy?
A: Movements in the Price Level of Imports can inform Thailand's monetary, trade, and exchange rate policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Price Level of Imports for Thailand (PLMCPPTHA670NRUG), retrieved from FRED.