Trade Prices: Import Prices in the United Kingdom
TVIMPPUKA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94.37
Year-over-Year Change
28.15%
Date Range
1/1/1772 - 1/1/2016
Summary
The Import Prices in the United Kingdom (TVIMPPUKA) trend measures the change in prices of goods and services imported into the UK. This data 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 Import Prices in the United Kingdom (TVIMPPUKA) series tracks the monthly changes in the prices of goods and services purchased from other countries by UK businesses and consumers. This helps analysts assess the UK's trade competitiveness and the pass-through effects of exchange rate movements and global commodity prices.
Methodology
The data is collected through surveys of importing businesses in the UK and calculated by the Office for National Statistics.
Historical Context
Import price data is used by the Bank of England and other policymakers to inform decisions on monetary and trade policy.
Key Facts
- Import prices in the UK rose 0.8% in the last 12 months.
- The UK is a major importer of goods and services globally.
- Rising import prices can contribute to higher consumer inflation.
FAQs
Q: What does this economic trend measure?
A: The Import Prices in the United Kingdom (TVIMPPUKA) trend measures the monthly changes in the prices of goods and services imported into the UK from other countries.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding the UK's international trade dynamics, exchange rate impacts, and inflationary pressures on the domestic economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of importing businesses in the UK and calculated by the Office for National Statistics.
Q: How is this trend used in economic policy?
A: Import price data is used by the Bank of England and other policymakers to inform decisions on monetary and trade policy.
Q: Are there update delays or limitations?
A: The import prices data is published monthly with a typical 2-3 week delay.
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Wholesale (Producer) Price Index in the United Kingdom
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Trade Prices: Terms of Trade in the United Kingdom
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Consumer Price Inflation in the United Kingdom
CPIIUKA
Spliced Consumer Price index in the United Kingdom
SCPIUKM
Spliced Wholesale (Producer) Price Index in the United Kingdom
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Citation
U.S. Federal Reserve, Trade Prices: Import Prices in the United Kingdom (TVIMPPUKA), retrieved from FRED.