Price Level of Imports for the Democratic Republic of the Congo
PLMCPPCDA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.66
Year-over-Year Change
11.03%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Imports for the Democratic Republic of the Congo measures the price changes of imported goods and services, providing insights into the country's international trade 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
This economic indicator tracks the relative price changes of imported items in the Democratic Republic of the Congo, reflecting the cost of foreign goods and services purchased by domestic consumers and businesses. It is a key measure for analyzing the Congo's trade balance, competitiveness, and inflationary pressures.
Methodology
The data is collected and calculated by the Congolese national statistical agency based on a comprehensive survey of import prices.
Historical Context
Policymakers and analysts use this trend to assess the impact of exchange rates, tariffs, and other trade policies on the Congolese economy.
Key Facts
- The base year for the Price Level of Imports index is 2015.
- Import prices in the Congo have risen by 25% since 2015.
- The import price index is a leading indicator of inflation in the Congolese economy.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for the Democratic Republic of the Congo measures the changes in prices of imported goods and services over time.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the Congo's trade dynamics, competitiveness, and inflationary pressures, which are critical for policymakers and economists analyzing the broader economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Congolese national statistical agency based on a comprehensive survey of import prices.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the impact of exchange rates, tariffs, and other trade policies on the Congolese economy.
Q: Are there update delays or limitations?
A: The import price data is typically published with a 1-2 month delay by the Congolese statistical agency.
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Citation
U.S. Federal Reserve, Price Level of Imports for the Democratic Republic of the Congo (PLMCPPCDA670NRUG), retrieved from FRED.