Business Applications for Montana
Percent Change from Year Ago
BUSAPPWNSAMTYY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.13
Year-over-Year Change
N/A%
Date Range
1/6/2007 - 8/2/2025
Summary
The 'Percent Change from Year Ago' trend measures the annual change in the U.S. Producer Price Index for Services. This key economic indicator provides insights into inflationary pressures across the services sector.
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 Producer Price Index for Services tracks price changes for a wide range of business services, offering a broader perspective on inflation beyond just consumer prices. Economists and policymakers analyze this trend to understand producer cost dynamics and their potential impacts on consumer prices.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used to inform Federal Reserve monetary policy decisions and provide context for consumer price inflation.
Key Facts
- The PPI for Services covers over 70% of economic activity in the U.S. services sector.
- Services account for over two-thirds of total U.S. economic output.
- Annual percent changes in the PPI for Services can range from -1% to +5%.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the annual change in the U.S. Producer Price Index for Services, which tracks price changes for a wide range of business services.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into inflationary pressures across the services sector, which is a critical component of the broader U.S. economy. Economists and policymakers use this data to understand producer cost dynamics and their potential impacts on consumer prices.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The 'Percent Change from Year Ago' trend in the Producer Price Index for Services is used to inform Federal Reserve monetary policy decisions and provide context for consumer price inflation.
Q: Are there update delays or limitations?
A: The data is published monthly by the Bureau of Labor Statistics, with a typical release lag of around two weeks.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (BUSAPPWNSAMTYY), retrieved from FRED.