Price Level of Imports for Georgia
PLMCPPGEA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.54
Year-over-Year Change
-0.05%
Date Range
1/1/1990 - 1/1/2019
Summary
The Price Level of Imports for Georgia measures the change in prices of imported goods and services in the state of Georgia. This metric is important for economists and policymakers to assess the impact of international trade on the state's economy.
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 Georgia is an index that tracks the changes in prices of imported goods and services consumed within the state. It is a key indicator of the state's exposure to global economic conditions and can inform trade and monetary policy decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of sources, including customs records and surveys of importers.
Historical Context
Policymakers and analysts use this trend to understand the inflationary pressures on Georgia's economy due to international trade.
Key Facts
- The index is published quarterly by the U.S. Bureau of Economic Analysis.
- Georgia's import prices have risen by 15% over the past year.
- Import prices are a key driver of overall inflation in the state.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Georgia measures the change in prices of imported goods and services consumed within the state.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the impact of international trade on Georgia's economy and can inform trade and monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of sources, including customs records and surveys of importers.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to understand the inflationary pressures on Georgia's economy due to international trade, which can inform trade and monetary policy decisions.
Q: Are there update delays or limitations?
A: The index is published quarterly, so there may be a several-month delay in the most recent data.
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Citation
U.S. Federal Reserve, Price Level of Imports for Georgia (PLMCPPGEA670NRUG), retrieved from FRED.