Import Price Index y/y

Indicator History

History of Event Dates
Event Date Time For
Period
Currency Actual Forecast
What is this indicator?

The Import Price Index y/y is an economic indicator that measures the change in the prices of imported goods and services over a particular year, compared to the same month in the previous year. It is an important indicator of inflation and the health of international trade.


Why is it important?

Import Price Index y/y is important for several reasons: It reflects the cost of imported goods and services: The Import Price Index y/y is a measure of the prices paid for imported goods and services over a longer period of time, and can therefore give an indication of the overall cost of imported goods for consumers, businesses, and governments. It impacts inflation: Changes in the Import Price Index y/y can impact inflation, as higher import prices can lead to higher prices for consumers, which can have a knock-on effect on the wider economy. It provides insight into the health of international trade: The Import Price Index y/y can provide information on the competitiveness of domestic producers and the overall health of international trade over a longer period of time.

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