Price Level of Imports for Sudan
PLMCPPSDA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.63
Year-over-Year Change
7.07%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Imports for Sudan is an economic indicator that tracks changes in the overall price level of goods and services imported into Sudan. It is a key measure of inflationary pressures and a barometer of Sudan's external trade dynamics.
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 Sudan is a price index that measures the change in prices of a representative basket of imported goods and services over time. It is used by economists and policymakers to assess the affordability and competitiveness of Sudan's imports, which can impact domestic inflation, consumer purchasing power, and the trade balance.
Methodology
The data is collected by the Sudanese government through surveys of import prices.
Historical Context
This trend is closely monitored by the Central Bank of Sudan and other institutions to inform monetary and trade policies.
Key Facts
- The base year for the Price Level of Imports for Sudan is 2015.
- Sudan's import prices have risen by over 30% since 2018.
- Imported goods account for nearly 25% of Sudan's total consumption basket.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Sudan measures the change in prices of a representative basket 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 assessing the affordability and competitiveness of Sudan's imports, which can impact domestic inflation, consumer purchasing power, and the trade balance.
Q: How is this data collected or calculated?
A: The data is collected by the Sudanese government through surveys of import prices.
Q: How is this trend used in economic policy?
A: The Price Level of Imports for Sudan is closely monitored by the Central Bank of Sudan and other institutions to inform monetary and trade policies.
Q: Are there update delays or limitations?
A: There may be delays in the publication of this data due to the challenges of data collection in Sudan.
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Citation
U.S. Federal Reserve, Price Level of Imports for Sudan (PLMCPPSDA670NRUG), retrieved from FRED.