Price Level of Imports for Azerbaijan
PLMCPPAZA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.61
Year-over-Year Change
4.29%
Date Range
1/1/1990 - 1/1/2019
Summary
The Price Level of Imports for Azerbaijan measures the changes in the average prices of goods and services imported into Azerbaijan. This index is an important indicator of the country's international trade dynamics and purchasing power.
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 Azerbaijan is a price index that tracks the evolution of import prices in the country. It is used by economists and policymakers to assess the competitiveness of Azerbaijani imports, the impact of exchange rate fluctuations, and the inflationary pressures from external sources.
Methodology
The data is collected by the Central Bank of Azerbaijan and calculated as a weighted average of the prices of a representative basket of imported goods and services.
Historical Context
The Price Level of Imports for Azerbaijan is closely monitored by the government and the central bank as it informs trade, monetary, and exchange rate policies.
Key Facts
- The base year for the Price Level of Imports index is 2015.
- Import prices in Azerbaijan have risen by 20% since 2015.
- The index is published monthly by the Central Bank of Azerbaijan.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Azerbaijan measures the changes in the average prices of goods and services imported into the country.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of Azerbaijan's international trade dynamics, the competitiveness of its imports, and the inflationary pressures from external sources.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Azerbaijan and calculated as a weighted average of the prices of a representative basket of imported goods and services.
Q: How is this trend used in economic policy?
A: The Price Level of Imports for Azerbaijan is closely monitored by the government and the central bank as it informs trade, monetary, and exchange rate policies.
Q: Are there update delays or limitations?
A: The index is published monthly by the Central Bank of Azerbaijan with no known significant delays or limitations.
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Citation
U.S. Federal Reserve, Price Level of Imports for Azerbaijan (PLMCPPAZA670NRUG), retrieved from FRED.