Price Level of Imports for Nepal
PLMCPPNPA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.62
Year-over-Year Change
2.78%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Imports for Nepal measures the price changes of goods and services imported into Nepal. This trend is important for economists and policymakers to understand Nepal'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 Nepal is an index that tracks the average change in prices of a basket of imported goods and services over time. It provides insight into Nepal's international trade and can help identify exchange rate impacts, consumer demand, and potential inflationary risks.
Methodology
The data is collected through surveys of importers and compiled by Nepal's Central Bureau of Statistics.
Historical Context
Policymakers and businesses use this metric to assess Nepal's trade competitiveness and manage import-related inflation.
Key Facts
- Nepal is a net importer, with imports accounting for over 40% of GDP.
- The price level of imports rose by 5.2% in 2021 compared to the previous year.
- Machinery, vehicles, and mineral fuels make up the largest share of Nepal's imports.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Nepal measures the changes in prices 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 Nepal's trade dynamics, inflationary pressures, and the competitiveness of its imports.
Q: How is this data collected or calculated?
A: The data is collected through surveys of importers and compiled by Nepal's Central Bureau of Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this metric to assess Nepal's trade competitiveness and manage import-related inflation.
Q: Are there update delays or limitations?
A: The data is published quarterly, with a typical 2-3 month delay.
Related Trends
Price Level of Imports for Italy
PLMCPPITA670NRUG
Price Level of Household Consumption for Swaziland
PLCCPPSZA670NRUG
Price Level of Exports for Botswana
PLXCPPBWA670NRUG
Price Level of Capital Formation for Iraq
PLICPPIQA670NRUG
Price Level of Government Consumption for Republic of Moldova
PLGCPPMDA670NRUG
Price Level of Imports for Thailand
PLMCPPTHA670NRUG
Citation
U.S. Federal Reserve, Price Level of Imports for Nepal (PLMCPPNPA670NRUG), retrieved from FRED.