Price Level of Imports for Malaysia
PLMCPPMYA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.59
Year-over-Year Change
3.27%
Date Range
1/1/1955 - 1/1/2019
Summary
The Price Level of Imports for Malaysia measures the changes in the prices of goods and services imported into Malaysia. This trend is a key indicator of Malaysia's international trade and economic performance.
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 Malaysia tracks the price changes of a broad basket of imported goods and services, providing insights into Malaysia's purchasing power and the competitiveness of its exports. This data is widely used by economists, policymakers, and businesses to analyze Malaysia's trade dynamics and inflationary pressures.
Methodology
The data is collected by the Malaysian Department of Statistics through surveys of import transactions.
Historical Context
Policymakers and analysts use this trend to assess the impact of exchange rates, tariffs, and global market conditions on Malaysia's import prices and trade balance.
Key Facts
- Malaysia is a major importer of raw materials, machinery, and consumer goods.
- Import prices are sensitive to fluctuations in the Malaysian ringgit exchange rate.
- Tracking import prices helps policymakers manage inflation and trade deficits.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Malaysia measures the changes in the prices of goods and services imported into the country.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Malaysia's international trade dynamics, purchasing power, and inflationary pressures, which are crucial for policymakers and businesses.
Q: How is this data collected or calculated?
A: The data is collected by the Malaysian Department of Statistics through surveys of import transactions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the impact of exchange rates, tariffs, and global market conditions on Malaysia's import prices and trade balance.
Q: Are there update delays or limitations?
A: The data is published regularly by the Malaysian government, but there may be occasional delays or limitations in data coverage.
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Citation
U.S. Federal Reserve, Price Level of Imports for Malaysia (PLMCPPMYA670NRUG), retrieved from FRED.