Price Level of Imports for Peru
PLMCPPPEA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.61
Year-over-Year Change
9.84%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Imports for Peru measures the general price level of goods and services imported into the Peruvian economy. This indicator is important for economists and policymakers to assess the competitiveness of Peruvian exports and the impact of external price changes on domestic inflation.
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 Peru is an index that tracks the average change in prices of a basket of imported goods and services over time. It provides insight into the cost pressures faced by Peruvian consumers and businesses due to international trade, which is a key driver of the Peruvian economy.
Methodology
The data is collected by Peru's national statistical agency through surveys of importers and customs records.
Historical Context
Policymakers use this index to inform monetary and trade policies that can help manage imported inflation and support the competitiveness of Peruvian exports.
Key Facts
- Peru is a major exporter of commodities like copper, gold, and agricultural products.
- Import prices can significantly impact the cost of living and business operations in Peru.
- Tracking import prices helps the Central Bank of Peru manage monetary policy and exchange rates.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Peru measures the general price level of goods and services imported into the Peruvian economy.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the cost pressures faced by Peruvian consumers and businesses due to international trade, which is a key driver of the Peruvian economy.
Q: How is this data collected or calculated?
A: The data is collected by Peru's national statistical agency through surveys of importers and customs records.
Q: How is this trend used in economic policy?
A: Policymakers use this index to inform monetary and trade policies that can help manage imported inflation and support the competitiveness of Peruvian exports.
Q: Are there update delays or limitations?
A: The data is published regularly by the Peruvian government, but there may be some delays in reporting and potential limitations in the underlying survey and customs data.
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Citation
U.S. Federal Reserve, Price Level of Imports for Peru (PLMCPPPEA670NRUG), retrieved from FRED.