Price Level of Imports for Luxembourg
PLMCPPLUA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.63
Year-over-Year Change
9.45%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Imports for Luxembourg tracks changes in the average price of goods and services imported into Luxembourg. This metric is important for economists and policymakers to understand the country's trade balance 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 Luxembourg measures the change in prices of imported goods and services over time. This index is a key indicator of Luxembourg's international trade dynamics and can influence the country's inflation rate and consumer purchasing power.
Methodology
The data is collected through surveys of import prices and calculated as an index with a base year of 2015.
Historical Context
Policymakers and analysts use this trend to assess Luxembourg's trade competitiveness and the potential impact on domestic prices.
Key Facts
- Luxembourg is a major importer, with imports accounting for over 150% of its GDP.
- The Price Level of Imports index reached an all-time high in 2022.
- Fluctuations in this index can impact the country's consumer price inflation.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Luxembourg measures changes in the average price of goods and services imported into the country over time.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding Luxembourg's trade dynamics, inflationary pressures, and the purchasing power of consumers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of import prices and calculated as an index with a base year of 2015.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Luxembourg's trade competitiveness and the potential impact on domestic prices.
Q: Are there update delays or limitations?
A: The data is published with a short delay, and the index may not capture all aspects of Luxembourg's import dynamics.
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Citation
U.S. Federal Reserve, Price Level of Imports for Luxembourg (PLMCPPLUA670NRUG), retrieved from FRED.