Price Level of Imports for Guatemala
PLMCPPGTA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.57
Year-over-Year Change
4.07%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Imports for Guatemala measures the relative prices of goods and services imported into Guatemala. This metric is important for analyzing Guatemala's trade dynamics and economic conditions.
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 Guatemala tracks the average change in prices of a basket of imported goods and services over time. It provides insight into the purchasing power of Guatemala's currency in international markets and can inform trade and monetary policy decisions.
Methodology
The data is collected through surveys of Guatemalan importers and calculated as an index relative to a base year.
Historical Context
This trend is closely monitored by policymakers, economists, and businesses to understand Guatemala's trade competitiveness and cost of living.
Key Facts
- Guatemala is a major importer of manufactured goods and petroleum.
- The price level of imports can impact domestic inflation and consumer purchasing power.
- Fluctuations in the import price index can signal changes in Guatemala's trade balance.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Guatemala measures the relative prices of goods and services imported into the country over time.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Guatemala's trade dynamics, cost of living, and economic competitiveness, which is valuable information for policymakers, businesses, and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Guatemalan importers 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 import price index to inform trade, monetary, and fiscal policies that aim to maintain Guatemala's economic competitiveness and cost of living.
Q: Are there update delays or limitations?
A: The import price data may be subject to delays in reporting and can be influenced by factors such as exchange rate fluctuations and changes in the composition of imports.
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Citation
U.S. Federal Reserve, Price Level of Imports for Guatemala (PLMCPPGTA670NRUG), retrieved from FRED.