Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Australia
Index source base
AUSCP050000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
139.75
Year-over-Year Change
27.80%
Date Range
7/1/2011 - 7/1/2023
Summary
The Index source base is a measure of the average change in selling prices received by domestic producers for their output. It is a key economic indicator used to assess inflationary pressures and monitor industrial output.
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 Index source base tracks the average change in domestic producer prices across a broad range of goods and services. It is used by economists, policymakers, and analysts to gauge underlying trends in wholesale and industrial inflation.
Methodology
The data is collected through surveys of domestic producers and calculated as a weighted index.
Historical Context
The Index source base is closely watched by the Federal Reserve and other institutions for its insights into broader price dynamics and economic conditions.
Key Facts
- The index has a base year of 2012 = 100.
- It covers a diverse range of producer goods and services.
- The index is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Index source base measures the average change in selling prices received by domestic producers for their goods and services.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into underlying inflationary pressures and the state of industrial production, making it a closely watched metric by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of domestic producers and calculated as a weighted index by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Index source base is a key input for the Federal Reserve and other institutions in assessing broader price dynamics and making monetary policy decisions.
Q: Are there update delays or limitations?
A: The Index source base is released monthly with a typical lag of around two weeks.
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Citation
U.S. Federal Reserve, Index source base (AUSCP050000IXNBQ), retrieved from FRED.