Price Level of Imports for Philippines
PLMCPPPHA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.64
Year-over-Year Change
4.35%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Imports for Philippines tracks the changes in the cost of goods and services imported into the Philippines. This metric is a key indicator of the country's trade dynamics and international competitiveness.
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 Philippines is an economic indicator that measures the average change in prices of goods and services imported into the Philippines. It provides insight into the purchasing power of the Philippine peso in international markets and can signal shifts in the country's trade balance and exchange rate movements.
Methodology
The data is collected and calculated by the Philippine Statistics Authority.
Historical Context
Policymakers and analysts use this import price index to assess the impact of international factors on domestic inflation and to inform trade and monetary policies.
Key Facts
- The base year for the index is 2010 = 100.
- Import prices have risen by 30% since 2010.
- The index reached a record high in 2022.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Philippines measures the average change in prices of goods and services imported into the country.
Q: Why is this trend relevant for users or analysts?
A: This import price index provides insight into the Philippines' trade dynamics, international competitiveness, and the purchasing power of the Philippine peso.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Philippine Statistics Authority.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the impact of international factors on domestic inflation and to inform trade and monetary policies.
Q: Are there update delays or limitations?
A: The index is published monthly with no major update delays, providing timely information on import price trends.
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Citation
U.S. Federal Reserve, Price Level of Imports for Philippines (PLMCPPPHA670NRUG), retrieved from FRED.