Price Level of Imports for Taiwan Province of China
PLMCPPTWA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.66
Year-over-Year Change
5.37%
Date Range
1/1/1951 - 1/1/2019
Summary
The Price Level of Imports for Taiwan Province of China measures the changes in the prices of goods and services imported into Taiwan. This metric is crucial for understanding Taiwan's trade dynamics 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 Taiwan Province of China tracks the cost of goods and services purchased from foreign suppliers by Taiwan's businesses and consumers. This data is used by economists and policymakers to assess Taiwan's trade competitiveness, inflationary pressures, and the impact of exchange rate fluctuations.
Methodology
The data is collected through surveys of Taiwanese importers and calculated as an index by the Taiwanese government.
Historical Context
This trend is closely monitored by the Central Bank of Taiwan and other institutions to inform monetary and trade policy decisions.
Key Facts
- Taiwan is one of the world's largest importers of goods and services.
- Import prices can significantly impact Taiwan's inflation and consumer purchasing power.
- The trend has shown increasing volatility in recent years due to global supply chain disruptions.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Taiwan Province of China measures the changes in the prices of goods and services imported into Taiwan.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding Taiwan's trade dynamics, inflationary pressures, and the impact of exchange rate fluctuations on its economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Taiwanese importers and calculated as an index by the Taiwanese government.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Central Bank of Taiwan and other institutions to inform monetary and trade policy decisions.
Q: Are there update delays or limitations?
A: The data is published regularly by the Taiwanese government, but may be subject to revisions and updates as new information becomes available.
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Citation
U.S. Federal Reserve, Price Level of Imports for Taiwan Province of China (PLMCPPTWA670NRUG), retrieved from FRED.