Price Level of Imports for Uruguay
PLMCPPUYA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.56
Year-over-Year Change
1.16%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Imports for Uruguay measures the price changes of imported goods and services in the Uruguayan economy. This metric is crucial for understanding the country's trade dynamics and inflation 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 Uruguay is an index that tracks the cost of a representative basket of imported goods and services over time. It provides insight into the inflationary pressures stemming from international trade and helps policymakers assess the competitiveness of Uruguayan exports.
Methodology
The data is collected through surveys of importers and calculated as an index relative to a base year.
Historical Context
Trends in the price level of imports are closely monitored by the Central Bank of Uruguay and international institutions to inform monetary and trade policies.
Key Facts
- The base year for the Price Level of Imports index is 2010.
- Imports account for approximately 30% of Uruguay's GDP.
- The price level of imports reached a recent peak in 2018.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Uruguay measures the changes in prices of a representative basket of imported goods and services over time.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into inflationary pressures stemming from international trade and the competitiveness of Uruguayan exports.
Q: How is this data collected or calculated?
A: The data is collected through surveys of importers and calculated as an index relative to a base year.
Q: How is this trend used in economic policy?
A: Trends in the price level of imports are closely monitored by the Central Bank of Uruguay and international institutions to inform monetary and trade policies.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, but may be subject to revisions and delays common in international economic statistics.
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Citation
U.S. Federal Reserve, Price Level of Imports for Uruguay (PLMCPPUYA670NRUG), retrieved from FRED.