Price Level of Imports for Greece
PLMCPPGRA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.57
Year-over-Year Change
-3.90%
Date Range
1/1/1951 - 1/1/2019
Summary
The Price Level of Imports for Greece measures changes in the prices of imported goods and services into the Greek economy. This metric is crucial for understanding Greece's international trade dynamics and inflationary pressures.
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 Greece tracks the overall price changes of a representative basket of imported goods and services. It is an important economic indicator for analyzing Greece's trade balance, exchange rate movements, and the impact of global supply chain factors on domestic inflation.
Methodology
The data is collected through surveys of import transactions and calculated as an index relative to a base year.
Historical Context
Policymakers and analysts use this metric to assess Greece's international competitiveness and the effectiveness of trade policies.
Key Facts
- The base year for the Price Level of Imports index is 2015.
- Import prices account for a significant portion of Greece's consumer price index (CPI).
- Fluctuations in the import price level can impact the competitiveness of Greek exports.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Greece measures changes in the overall prices of goods and services imported into the Greek economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding Greece's international trade dynamics, exchange rate movements, and the impact of global supply chain factors on domestic inflation.
Q: How is this data collected or calculated?
A: The data is collected through surveys of import transactions and calculated as an index relative to a base year.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Greece's international competitiveness and the effectiveness of trade policies.
Q: Are there update delays or limitations?
A: The data is subject to the typical publication schedule and potential revisions common for economic indicators.
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Citation
U.S. Federal Reserve, Price Level of Imports for Greece (PLMCPPGRA670NRUG), retrieved from FRED.