Price Level of Imports for Hong Kong
PLMCPPHKA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.70
Year-over-Year Change
10.42%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Imports for Hong Kong measures changes in the prices of goods and services imported into Hong Kong over time. This trend is a key indicator of Hong Kong's international trade 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 Hong Kong tracks the cost of goods and services purchased from other countries by Hong Kong businesses and consumers. It is used by economists to analyze the competitiveness of Hong Kong's exports and the impact of exchange rate fluctuations on the cost of imports.
Methodology
The data is collected by the Hong Kong Census and Statistics Department through surveys of importers.
Historical Context
Policymakers and analysts monitor this trend to understand Hong Kong's trade balance and inflation pressures.
Key Facts
- Hong Kong is one of the world's largest importers.
- Import prices affect the cost of living and business operations in Hong Kong.
- The trend has shown significant volatility due to exchange rate movements.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Hong Kong measures the change in prices of goods and services imported into Hong Kong over time.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding Hong Kong's trade balance, exchange rate dynamics, and inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected through surveys of importers by the Hong Kong Census and Statistics Department.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess Hong Kong's trade competitiveness and the impact of imports on the domestic economy.
Q: Are there update delays or limitations?
A: The data is published regularly by the Hong Kong government, but may be subject to revisions and lags in reporting.
Related Trends
Price Level of Capital Formation for Malaysia
PLICPPMYA670NRUG
Price Level of Imports for Spain
PLMCPPESA670NRUG
Price Level of Government Consumption for Mauritius
PLGCPPMUA670NRUG
Price Level of Household Consumption for Ireland
PLCCPPIEA670NRUG
Price Level of Government Consumption for Malaysia
PLGCPPMYA670NRUG
Price Level of Exports for Djibouti
PLXCPPDJA670NRUG
Citation
U.S. Federal Reserve, Price Level of Imports for Hong Kong (PLMCPPHKA670NRUG), retrieved from FRED.