Price Level of Imports for Lebanon
PLMCPPLBA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.59
Year-over-Year Change
8.21%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Imports for Lebanon measures the overall price changes for goods and services imported into the Lebanese economy. This indicator is closely watched by policymakers and economists to assess the country's 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 Lebanon is an index that tracks the changes in prices of a representative basket of imported goods and services over time. It provides insight into the cost of foreign trade and can signal shifts in Lebanon's terms of trade, exchange rates, and domestic demand.
Methodology
This index is calculated by the International Monetary Fund using price data collected from Lebanon's trading partners.
Historical Context
The Price Level of Imports index helps inform Lebanese economic and trade policy decisions.
Key Facts
- The base year for the Price Level of Imports index is 2016.
- Import prices account for over a quarter of Lebanon's Consumer Price Index.
- The index reached an all-time high in 2022 amid global supply chain disruptions.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Lebanon measures the overall changes in prices for goods and services imported into the Lebanese economy.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into Lebanon's trade dynamics, exchange rate movements, and inflationary pressures, making it a key metric for policymakers and economists.
Q: How is this data collected or calculated?
A: The Price Level of Imports index is calculated by the International Monetary Fund using price data collected from Lebanon's trading partners.
Q: How is this trend used in economic policy?
A: The Price Level of Imports index helps inform Lebanese economic and trade policy decisions, as it signals shifts in the country's terms of trade and domestic demand.
Q: Are there update delays or limitations?
A: The Price Level of Imports data for Lebanon is published on a regular basis by the International Monetary Fund, but may be subject to periodic revisions or delays in reporting.
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Citation
U.S. Federal Reserve, Price Level of Imports for Lebanon (PLMCPPLBA670NRUG), retrieved from FRED.