Import Price Index: Office furniture (including fixtures) manufacturing for Pacific Rim
COPRIMZ3372 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.10
Year-over-Year Change
3.44%
Date Range
6/1/2012 - 12/1/2018
Summary
The Import Price Index (IPI) for office furniture manufacturing in the Pacific Rim measures changes in the prices of imported office furniture and fixtures. This index is a key indicator of international trade and competitiveness in this 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 IPI for office furniture manufacturing in the Pacific Rim tracks the changes in prices charged by foreign producers for their furniture exports to the United States. This index provides insight into global supply chains and the cost pressures faced by domestic manufacturers.
Methodology
The data is collected through a survey of U.S. importers on a monthly basis.
Historical Context
Policymakers and industry analysts use this index to monitor international price dynamics and their impacts on the domestic office furniture market.
Key Facts
- The index base year is 2012 = 100.
- Prices are measured at the border before domestic distribution.
- The Pacific Rim region includes major trading partners like China, Japan, and South Korea.
FAQs
Q: What does this economic trend measure?
A: The Import Price Index for office furniture manufacturing in the Pacific Rim measures changes in the prices charged by foreign producers for their furniture exports to the United States.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into global supply chains and the cost pressures faced by domestic office furniture manufacturers, which is valuable information for policymakers and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of U.S. importers.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this index to monitor international price dynamics and their impacts on the domestic office furniture market.
Q: Are there update delays or limitations?
A: The index is published on a monthly basis, with some delay in data availability.
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Citation
U.S. Federal Reserve, Import Price Index: Office furniture (including fixtures) manufacturing for Pacific Rim (COPRIMZ3372), retrieved from FRED.