Price Level of Imports for Turkmenistan
PLMCPPTMA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.74
Year-over-Year Change
39.53%
Date Range
1/1/1990 - 1/1/2019
Summary
The Price Level of Imports for Turkmenistan measures the level of import prices in the country. This metric is important for economists and policymakers to understand the country'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 Turkmenistan is an economic indicator that tracks the overall price level of goods and services imported into the country. It provides insight into the competitiveness of Turkmenistan's imports and can signal changes in the country's exchange rate, trade balance, and domestic price inflation.
Methodology
The data is calculated by the Turkmen State Statistics Committee based on surveyed import prices.
Historical Context
This trend is closely monitored by the Central Bank of Turkmenistan and used to inform monetary and trade policies.
Key Facts
- Turkmenistan is a major exporter of natural gas and relies heavily on imports.
- Import prices influence domestic inflation in Turkmenistan.
- The Central Bank of Turkmenistan targets import price stability as part of its monetary policy.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Turkmenistan measures the overall price level of goods and services imported into the country.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into Turkmenistan's international trade dynamics, exchange rate movements, and inflationary pressures, making it relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the Turkmen State Statistics Committee based on surveyed import prices.
Q: How is this trend used in economic policy?
A: The Central Bank of Turkmenistan closely monitors this trend to inform its monetary and trade policies, as import price stability is a key objective.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short delay, and may be subject to revisions by the Turkmen statistical authorities.
Related Trends
Price Level of Capital Formation for Hong Kong
PLICPPHKA670NRUG
Price Level of Government Consumption for Senegal
PLGCPPSNA670NRUG
Price Level of Household Consumption for Tajikistan
PLCCPPTJA670NRUG
Price Level of Capital Formation for Kazakhstan
PLICPPKZA670NRUG
Price Level of Exports for Hungary
PLXCPPHUA670NRUG
Price Level of Household Consumption for Kyrgyzstan
PLCCPPKGA670NRUG
Citation
U.S. Federal Reserve, Price Level of Imports for Turkmenistan (PLMCPPTMA670NRUG), retrieved from FRED.