Price Level of Exports for United Kingdom
PLXCPPGBA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.69
Year-over-Year Change
9.06%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Exports for United Kingdom measures the relative price changes of exported goods and services. It is a key indicator of the international competitiveness and trade performance of the UK economy.
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
This series represents the price index for UK exports, calculated as the ratio of the current value of exports to the constant price (volume) value of exports. It provides insight into the pricing dynamics affecting the UK's trade position globally.
Methodology
The data is collected by the UK Office for National Statistics through surveys of exporting businesses.
Historical Context
Policymakers and economists use this index to assess the price-based competitiveness of UK exports in international markets.
Key Facts
- The base year for this index is 2016 = 100.
- UK export prices rose 6.7% in 2022 compared to 2021.
- Export price inflation has outpaced overall UK inflation in recent years.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Exports for United Kingdom measures the relative changes in prices of exported goods and services from the UK.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into the UK's international price competitiveness and can inform policy decisions and business strategies related to exports.
Q: How is this data collected or calculated?
A: The data is collected through surveys of exporting businesses by the UK Office for National Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess the price-based competitiveness of UK exports in international markets.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Price Level of Exports for United Kingdom (PLXCPPGBA670NRUG), retrieved from FRED.