Wholesale Prices: Industry Aggregates: Total for India
Growth rate same period previous year, Quarterly
INDWPIATT01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.57
Year-over-Year Change
496.72%
Date Range
1/1/1960 - 10/1/2022
Summary
The growth rate same period previous year, Quarterly trend measures the year-over-year change in the Producer Price Index for All Commodities. This indicator provides insights into producer inflation and is closely watched by economists and policymakers.
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 growth rate same period previous year, Quarterly tracks the annual percentage change in the Producer Price Index for All Commodities, a key measure of producer-level inflation in the United States. This metric is used to assess inflationary pressures in the economy and inform policy decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through surveys of producer prices.
Historical Context
This trend is a valuable input for the Federal Reserve and other policymakers in evaluating the state of the economy and making monetary policy decisions.
Key Facts
- The Producer Price Index measures changes in the prices received by domestic producers for their output.
- Producer price inflation tends to lead consumer price inflation, making this metric a leading indicator.
- The Federal Reserve closely monitors producer price trends as part of its dual mandate of price stability and maximum employment.
FAQs
Q: What does this economic trend measure?
A: The growth rate same period previous year, Quarterly trend measures the year-over-year change in the Producer Price Index for All Commodities, a key gauge of producer-level inflation in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into inflationary pressures at the producer level, which can signal future consumer price changes and help inform economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics through surveys of producer prices.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers closely monitor this trend as an input for evaluating the state of the economy and making monetary policy decisions.
Q: Are there update delays or limitations?
A: The Producer Price Index data is released monthly with a lag, so there may be a delay in the availability of the most recent growth rate same period previous year, Quarterly figures.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (INDWPIATT01GYQ), retrieved from FRED.