Price Level of Imports for Indonesia
PLMCPPIDA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.67
Year-over-Year Change
21.74%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Imports for Indonesia measures the change in prices of imported goods and services in the Indonesian economy. This metric is crucial for understanding the nation's trade dynamics and broader 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 Indonesia tracks the prices of a basket of imported products and services within the country. This index is used by economists and policymakers to analyze the competitiveness of Indonesian imports, inflationary pressures, and the potential impact on domestic consumption and production.
Methodology
The data is collected by Indonesia's Central Bureau of Statistics through surveys of import transactions.
Historical Context
The Price Level of Imports is an important indicator for the Indonesian government and central bank in formulating trade, monetary, and fiscal policies.
Key Facts
- Indonesia is the world's 16th largest economy by GDP.
- Imports account for over 20% of Indonesia's GDP.
- The Price Level of Imports has risen by 15% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Indonesia tracks the change in prices of a basket of imported goods and services within the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding Indonesia's trade dynamics, inflationary pressures, and the potential impact on domestic consumption and production.
Q: How is this data collected or calculated?
A: The data is collected by Indonesia's Central Bureau of Statistics through surveys of import transactions.
Q: How is this trend used in economic policy?
A: The Price Level of Imports is an important indicator for the Indonesian government and central bank in formulating trade, monetary, and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 4-6 week lag.
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Citation
U.S. Federal Reserve, Price Level of Imports for Indonesia (PLMCPPIDA670NRUG), retrieved from FRED.