Price Level of Imports for Rwanda
PLMCPPRWA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.61
Year-over-Year Change
8.28%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Imports for Rwanda measures the change in prices of imported goods and services in the Rwandan economy. This metric is crucial for understanding Rwanda'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 Rwanda tracks the evolution of import prices, providing insight into the cost of foreign goods and services purchased by Rwandan consumers and businesses. This data is used by economists and policymakers to assess the impact of international trade and exchange rate fluctuations on domestic inflation.
Methodology
The data is collected through surveys of Rwandan importers and calculated as an index relative to a base period.
Historical Context
This metric informs trade and monetary policy decisions in Rwanda.
Key Facts
- Rwanda is a landlocked East African country.
- Imports account for over 30% of Rwanda's GDP.
- The price level of imports has risen by 25% since 2015.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Rwanda measures the change in prices of imported goods and services in the Rwandan economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into Rwanda's trade dynamics and inflationary pressures, informing economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Rwandan importers and calculated as an index relative to a base period.
Q: How is this trend used in economic policy?
A: The Price Level of Imports for Rwanda informs trade and monetary policy decisions in the country.
Q: Are there update delays or limitations?
A: The data is subject to the typical publication schedule and potential sampling or reporting limitations of Rwandan import surveys.
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Citation
U.S. Federal Reserve, Price Level of Imports for Rwanda (PLMCPPRWA670NRUG), retrieved from FRED.