Price Level of Imports for Yemen
PLMCPPYEA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.67
Year-over-Year Change
15.86%
Date Range
1/1/1989 - 1/1/2019
Summary
The Price Level of Imports for Yemen measures changes in the prices of goods and services imported into Yemen. It is a key indicator of the cost of international trade and the purchasing power of the Yemeni currency.
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 Yemen tracks price movements of a basket of imported products, providing insight into inflationary pressures and the competitiveness of Yemen's trade relationships. Economists and policymakers monitor this metric to assess the country's external economic conditions.
Methodology
The data is collected through surveys of Yemeni importers and calculated as an index relative to a base year.
Historical Context
Trends in the price level of imports are used to inform monetary and trade policies in Yemen.
Key Facts
- Yemen is a net importer of goods and services.
- Import prices can significantly impact consumer prices in Yemen.
- The price level of imports has risen by 25% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Yemen measures changes in the prices of goods and services imported into the country. It tracks the overall cost of imports over time.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding inflationary pressures, trade competitiveness, and the purchasing power of the Yemeni currency. It informs economic and trade policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Yemeni 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 used to inform monetary and trade policies in Yemen, such as exchange rate management and tariff adjustments.
Q: Are there update delays or limitations?
A: There may be delays in data reporting due to Yemen's ongoing economic and political challenges. The index may not fully capture all imported goods and services.
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Citation
U.S. Federal Reserve, Price Level of Imports for Yemen (PLMCPPYEA670NRUG), retrieved from FRED.