Price Level of Imports for Saint Kitts and Nevis
PLMCPPKNA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.54
Year-over-Year Change
4.31%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Imports for Saint Kitts and Nevis measures the change in prices for goods and services imported into the country. This metric is important for analyzing trade balances and the competitiveness of domestic industries.
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
This economic indicator tracks the relative price changes of imported products and services in Saint Kitts and Nevis. It is a key measure for understanding the country's import dynamics and assessing the impact of exchange rate fluctuations or trade policies on the domestic economy.
Methodology
The data is calculated based on surveys of import prices conducted by the Saint Kitts and Nevis government's statistical agency.
Historical Context
Policymakers use this import price index to inform trade, fiscal, and monetary decisions that can affect the country's economic competitiveness.
Key Facts
- Saint Kitts and Nevis is a small island nation in the Caribbean.
- Imports account for over 50% of the country's GDP.
- The import price index has risen by 15% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Saint Kitts and Nevis measures the change in prices for goods and services imported into the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for analyzing trade balances and the competitiveness of domestic industries in Saint Kitts and Nevis.
Q: How is this data collected or calculated?
A: The data is calculated based on surveys of import prices conducted by the Saint Kitts and Nevis government's statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers use this import price index to inform trade, fiscal, and monetary decisions that can affect the country's economic competitiveness.
Q: Are there update delays or limitations?
A: The import price data is published quarterly with a 2-month lag.
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Citation
U.S. Federal Reserve, Price Level of Imports for Saint Kitts and Nevis (PLMCPPKNA670NRUG), retrieved from FRED.