Price Level of Imports for Germany
PLMCPPDEA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.67
Year-over-Year Change
-0.58%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Imports for Germany measures the prices of goods and services imported into Germany. This economic indicator provides insight into inflationary pressures and 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
The Price Level of Imports for Germany is an index that tracks the prices of products and services imported from other countries. This metric is used by economists and policymakers to analyze Germany's trade competitiveness, inflationary pressures, and the impact of exchange rate fluctuations.
Methodology
The data is collected by Germany's Federal Statistical Office through surveys of importing businesses.
Historical Context
Trends in the price level of imports are monitored by the European Central Bank and German government to inform macroeconomic and trade policies.
Key Facts
- Germany is the largest economy in the Eurozone.
- Imports account for over 40% of Germany's GDP.
- The import price index is a key indicator of cost-push inflation.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Germany measures the prices of goods and services imported into the country. It tracks changes in the cost of international trade for German businesses and consumers.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Germany's trade competitiveness, inflationary pressures, and the impact of exchange rate fluctuations on the domestic economy.
Q: How is this data collected or calculated?
A: The data is collected by Germany's Federal Statistical Office through surveys of importing businesses.
Q: How is this trend used in economic policy?
A: Trends in the price level of imports are monitored by the European Central Bank and German government to inform macroeconomic and trade policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Price Level of Imports for Germany (PLMCPPDEA670NRUG), retrieved from FRED.