Price Level of Imports for Zambia
PLMCPPZMA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.53
Year-over-Year Change
-4.91%
Date Range
1/1/1955 - 1/1/2019
Summary
The Price Level of Imports for Zambia measures the changes in the prices of goods and services imported into Zambia. This data point is crucial for economists and policymakers to assess Zambia'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 Zambia tracks the costs of goods and services purchased from other countries by Zambian consumers and businesses. This index is used to gauge the impact of international trade and currency movements on Zambia's domestic prices and purchasing power.
Methodology
The data is collected by Zambia's Central Statistical Office through surveys of importers and border transactions.
Historical Context
Policymakers use this import price index to inform decisions on trade policy, exchange rate management, and inflation targeting.
Key Facts
- Zambia is a major exporter of copper, cobalt, and agricultural products.
- Import prices can significantly impact Zambia's consumer price inflation.
- The Kwacha, Zambia's currency, has experienced volatility against major trading partners.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Zambia tracks the changes in the prices of goods and services imported into the country.
Q: Why is this trend relevant for users or analysts?
A: This index is crucial for understanding Zambia's trade dynamics, inflationary pressures, and the purchasing power of its currency.
Q: How is this data collected or calculated?
A: The data is collected by Zambia's Central Statistical Office through surveys of importers and border transactions.
Q: How is this trend used in economic policy?
A: Policymakers use this import price index to inform decisions on trade policy, exchange rate management, and inflation targeting.
Q: Are there update delays or limitations?
A: The data is published regularly by the Zambian government, but there may be occasional delays or gaps in reporting.
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Citation
U.S. Federal Reserve, Price Level of Imports for Zambia (PLMCPPZMA670NRUG), retrieved from FRED.