Prices and Exchange Rates

Information on prices and exchange rates are essential in analysing the national economic performance or comparing it with foreign nations.

Inflation/deflation effects and varying exchange rates distort measurements in the course of time. Finally, time series expressed in nominal values might become worthless because of this immanent inconsistency. But there are a number of statistical tools that help substract/suppress these effects (more or less).

Examples

GDP deflator for national currency

GDP deflator for US dollar series

Consumer price index

Official US dollar exchange rate

SDR exchange rate index

Currency conversion factor

Parallel market exchange rate

Ratio of parallel market to official exchange rates

Real effective exchange rate index



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