Price Level of Imports for Belarus
PLMCPPBYA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.58
Year-over-Year Change
2.08%
Date Range
1/1/1990 - 1/1/2019
Summary
The Price Level of Imports for Belarus measures the price changes of goods and services imported into Belarus. It is a key indicator for evaluating the competitiveness of Belarus' international trade and assessing the impact of exchange rate fluctuations.
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 Belarus is an index that tracks the average change in prices of a representative basket of goods and services imported into the country. It is used by economists and policymakers to analyze Belarus' trade position, monitor inflationary pressures, and inform macroeconomic policies.
Methodology
The data is collected and calculated by the National Statistical Committee of the Republic of Belarus.
Historical Context
The import price index is closely watched by the National Bank of Belarus and other government agencies to assess the impact of global commodity prices and exchange rate movements on the country's economy.
Key Facts
- Belarus is a major importer of energy, machinery, and consumer goods.
- The import price index helps measure the purchasing power of the Belarusian ruble.
- Import prices can affect domestic inflation and the country's trade balance.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Belarus measures the average change in prices of goods and services imported into the country.
Q: Why is this trend relevant for users or analysts?
A: This index is important for evaluating Belarus' trade competitiveness, monitoring inflationary pressures, and informing macroeconomic policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the National Statistical Committee of the Republic of Belarus.
Q: How is this trend used in economic policy?
A: The import price index is closely watched by the National Bank of Belarus and other government agencies to assess the impact of global commodity prices and exchange rate movements on the country's economy.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the National Statistical Committee of Belarus, but there may be some delays in reporting.
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Citation
U.S. Federal Reserve, Price Level of Imports for Belarus (PLMCPPBYA670NRUG), retrieved from FRED.