Import Price Index by Origin (NAICS): Nonferrous Metal (Except Aluminum) Production and Processing for Latin America
COLATZ3314 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
165.10
Year-over-Year Change
21.40%
Date Range
6/1/2012 - 6/1/2025
Summary
The Import Price Index by Origin (NAICS): Nonferrous Metal (Except Aluminum) Production and Processing for Latin America measures changes in the prices of imported nonferrous metal products from Latin America. This index is a key indicator for monitoring trends in the costs of key industrial inputs.
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
This index tracks the monthly price changes of imported nonferrous metal products, excluding aluminum, from Latin American countries. It provides valuable insights into the global supply and demand dynamics for these industrial commodities.
Methodology
The data is collected through surveys of importers and calculated using a Laspeyres formula.
Historical Context
The index is used by economists, policymakers, and industry analysts to assess inflationary pressures and the competitiveness of U.S. manufacturing.
Key Facts
- The index has a base year of 2000.
- Prices are measured in U.S. dollars.
- Data is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This index measures the monthly changes in the prices of imported nonferrous metal products, excluding aluminum, from Latin American countries.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into the global supply and demand dynamics for these industrial commodities, which is important for monitoring inflationary pressures and the competitiveness of U.S. manufacturing.
Q: How is this data collected or calculated?
A: The data is collected through surveys of importers and calculated using a Laspeyres formula.
Q: How is this trend used in economic policy?
A: The index is used by economists, policymakers, and industry analysts to assess inflationary pressures and the competitiveness of U.S. manufacturing.
Q: Are there update delays or limitations?
A: The index is released monthly by the U.S. Bureau of Labor Statistics with no significant update delays.
Similar COLATZ Trends
Import Price Index by Origin (NAICS): Apparel Manufacturing for Latin America
COLATZ315
Import Price Index by Origin (NAICS): Fruit and Tree Nut Farming for Latin America
COLATZ1113
Import Price Index by Origin (NAICS): Primary Metal Manufacturing for Latin America
COLATZ331
Import Price Index by Origin (NAICS): Machinery Manufacturing for Latin America
COLATZ333
Import Price Index by Origin (NAICS): Cut and Sew Apparel Manufacturing for Latin America
COLATZ3152
Import Price Index by Origin (NAICS): Crop Production for Latin America
COLATZ111
Citation
U.S. Federal Reserve, Import Price Index by Origin (NAICS): Nonferrous Metal (Except Aluminum) Production and Processing for Latin America (COLATZ3314), retrieved from FRED.