Price Level of Imports for Zimbabwe
PLMCPPZWA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.43
Year-over-Year Change
-23.03%
Date Range
1/1/1954 - 1/1/2019
Summary
The Price Level of Imports for Zimbabwe tracks the domestic currency price of imported goods and services. It is a key economic indicator for understanding 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 Zimbabwe measures the relative price changes of imported goods and services within the Zimbabwean economy. This metric is used by economists and policymakers to assess the competitiveness of domestic production, the impact of exchange rate fluctuations, and inflationary trends driven by external trade.
Methodology
The data is compiled by Zimbabwe's statistical agency based on a survey of import transactions.
Historical Context
The Price Level of Imports is closely monitored by the Reserve Bank of Zimbabwe and factored into monetary and trade policy decisions.
Key Facts
- The base year for the index is 2015.
- Imports account for over 40% of Zimbabwe's GDP.
- Import prices have a significant impact on consumer price inflation.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Zimbabwe tracks the domestic currency price of imported goods and services within the Zimbabwean economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding trade dynamics, assessing the competitiveness of domestic production, and analyzing inflationary pressures driven by external factors.
Q: How is this data collected or calculated?
A: The data is compiled by Zimbabwe's statistical agency based on a survey of import transactions.
Q: How is this trend used in economic policy?
A: The Price Level of Imports is closely monitored by the Reserve Bank of Zimbabwe and factored into monetary and trade policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 4-6 week release lag.
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Citation
U.S. Federal Reserve, Price Level of Imports for Zimbabwe (PLMCPPZWA670NRUG), retrieved from FRED.