Price Level of Imports for Cape Verde
PLMCPPCVA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.54
Year-over-Year Change
-2.53%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Imports for Cape Verde tracks the overall price changes of goods and services imported into the country. This metric is crucial for understanding the country's trade dynamics and international competitiveness.
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 Cape Verde measures the changes in the average prices of all goods and services imported into the country. It provides insight into the purchasing power of Cape Verde's currency in global markets and the costs of foreign goods for domestic consumers and businesses.
Methodology
This index is calculated by the International Monetary Fund using data on Cape Verde's import prices and trade flows.
Historical Context
Policymakers and economists use this trend to analyze the country's trade balance, inflation pressures, and the overall health of the national economy.
Key Facts
- Cape Verde is a small island nation heavily dependent on imports.
- The Price Level of Imports reached a 10-year high in 2022.
- Rising import prices contribute to inflationary pressures in Cape Verde.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Cape Verde tracks the overall 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 metric provides crucial insights into Cape Verde's trade dynamics, the purchasing power of its currency, and the costs of foreign goods for domestic consumers and businesses.
Q: How is this data collected or calculated?
A: The index is calculated by the International Monetary Fund using data on Cape Verde's import prices and trade flows.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze Cape Verde's trade balance, inflation pressures, and the overall health of the national economy.
Q: Are there update delays or limitations?
A: The data is published by the International Monetary Fund with occasional delays, and may not capture all aspects of Cape Verde's import prices.
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Citation
U.S. Federal Reserve, Price Level of Imports for Cape Verde (PLMCPPCVA670NRUG), retrieved from FRED.