Price Level of Imports for South Africa
PLMCPPZAA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.60
Year-over-Year Change
-3.09%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Imports for South Africa measures changes in the prices of goods and services imported into South Africa. This metric is crucial for understanding South Africa's trade dynamics and the effects of exchange rate movements on the cost of imported goods.
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 South Africa is a price index that tracks the prices of a basket of imported goods and services over time. It is used to analyze the purchasing power of the South African rand and the competitiveness of South African exports compared to imported alternatives.
Methodology
The data is collected by South Africa's statistical agency through surveys of importers and customs records.
Historical Context
This trend is closely monitored by policymakers, economists, and businesses to assess the impact of trade policies and exchange rate fluctuations on the South African economy.
Key Facts
- The base year for the Price Level of Imports index is 2015.
- The index reached its highest level in 2022 due to global supply chain disruptions.
- Tracking this metric helps South African policymakers manage inflation and trade deficits.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for South Africa measures changes in the prices of goods and services imported into the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding South Africa's trade dynamics and the effects of exchange rate movements on the cost of imported goods.
Q: How is this data collected or calculated?
A: The data is collected by South Africa's statistical agency through surveys of importers and customs records.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and businesses to assess the impact of trade policies and exchange rate fluctuations on the South African economy.
Q: Are there update delays or limitations?
A: The data is typically published with a short delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Price Level of Imports for South Africa (PLMCPPZAA670NRUG), retrieved from FRED.