Price Level of Imports for Serbia
PLMCPPRSA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.56
Year-over-Year Change
3.51%
Date Range
1/1/1990 - 1/1/2019
Summary
The Price Level of Imports for Serbia measures the relative prices of imported goods and services in Serbia. This key economic indicator helps policymakers and analysts understand Serbia's international 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 Serbia is an index that tracks changes in the average prices of a representative basket of imported goods and services over time. It provides insight into Serbia's purchasing power and competitiveness in global markets.
Methodology
The data is collected and calculated by the Serbian Statistical Office based on surveys of import prices.
Historical Context
This metric is used by the National Bank of Serbia and other policymakers to monitor import-driven inflation and exchange rate fluctuations.
Key Facts
- Serbia's imports account for over 60% of its GDP.
- The import price index uses 2015 as the base year.
- Import prices have risen by 15% since 2015.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Serbia measures the average prices of a representative basket of imported goods and services over time in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into Serbia's international trade dynamics, purchasing power, and inflationary pressures driven by imports.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Serbian Statistical Office based on surveys of import prices.
Q: How is this trend used in economic policy?
A: The National Bank of Serbia and other policymakers use this metric to monitor import-driven inflation and exchange rate fluctuations.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, and the methodology is transparent.
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Citation
U.S. Federal Reserve, Price Level of Imports for Serbia (PLMCPPRSA670NRUG), retrieved from FRED.