Price Level of Imports for Saint Vincent and the Grenadines
PLMCPPVCA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.55
Year-over-Year Change
6.32%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Imports for Saint Vincent and the Grenadines measures the cost of imported goods and services in the country. It is a key indicator of international trade and economic conditions.
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
This index tracks the price changes of a representative basket of imported goods and services in Saint Vincent and the Grenadines. It is used by economists and policymakers to assess the country's purchasing power, cost of living, and trade competitiveness.
Methodology
The data is collected through surveys of import prices and calculated as an index with a base year.
Historical Context
This import price index is crucial for understanding the nation's trade balance, inflation, and exchange rate dynamics.
Key Facts
- Saint Vincent and the Grenadines is a small island nation in the Caribbean.
- Imports account for a significant portion of the country's GDP.
- The import price index is a leading indicator of cost-push inflation.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Saint Vincent and the Grenadines measures the cost of imported goods and services in the country.
Q: Why is this trend relevant for users or analysts?
A: This index is crucial for understanding the nation's trade balance, inflation, and exchange rate dynamics.
Q: How is this data collected or calculated?
A: The data is collected through surveys of import prices and calculated as an index with a base year.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this import price index to assess the country's purchasing power, cost of living, and trade competitiveness.
Q: Are there update delays or limitations?
A: The data is subject to the typical publication and revision schedules of the U.S. Federal Reserve's data sources.
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Citation
U.S. Federal Reserve, Price Level of Imports for Saint Vincent and the Grenadines (PLMCPPVCA670NRUG), retrieved from FRED.