Price Level of Imports for Argentina
PLMCPPARA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.63
Year-over-Year Change
8.92%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Imports for Argentina is an economic indicator that measures the cost of goods and services imported into Argentina. It is a crucial metric for understanding Argentina's trade balance and exchange rate dynamics.
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 Argentina index tracks the prices of a basket of imported goods and services over time. It provides insight into inflationary pressures and the competitiveness of Argentina's imports relative to domestic production.
Methodology
The data is collected by Argentina's national statistical agency and calculated as an index based on a representative sample of imported items.
Historical Context
This trend is used by policymakers, economists, and investors to assess Argentina's trade position and the potential impacts on the broader economy.
Key Facts
- Argentina is a major importer of machinery, vehicles, and energy products.
- The price level of imports can influence domestic inflation and consumer purchasing power.
- Import prices are a key factor in Argentina's trade negotiations and exchange rate policy.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Argentina measures the overall cost of goods and services imported into the country over time.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into Argentina's trade balance, exchange rate dynamics, and inflationary pressures, which are crucial for economic policymaking and investment decisions.
Q: How is this data collected or calculated?
A: The data is collected by Argentina's national statistical agency and calculated as an index based on a representative sample of imported items.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and investors use this trend to assess Argentina's trade position and the potential impacts on the broader economy, informing decisions on trade policy, exchange rate management, and macroeconomic interventions.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and methodological changes of Argentina's national statistical agency, which may result in occasional update delays or revisions.
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Citation
U.S. Federal Reserve, Price Level of Imports for Argentina (PLMCPPARA670NRUG), retrieved from FRED.