Unit Labor Costs for Administrative and Support and Waste Management and Remediation Services: Travel Arrangement and Reservation Services (NAICS 5615) in the United States
Percent Change from Year Ago
IPUPN5615U101000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-7.70
Year-over-Year Change
-302.63%
Date Range
1/1/1998 - 1/1/2024
Summary
This economic trend measures the percent change in the Producer Price Index (PPI) for Finished Goods from the same month a year ago. It is a key indicator of inflationary pressures and price dynamics in the U.S. economy.
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 Percent Change from Year Ago in the PPI for Finished Goods tracks the year-over-year rate of change in wholesale prices paid by producers, providing insight into broader inflationary trends. This metric is closely monitored by policymakers, analysts, and economists to assess price stability and inform economic and monetary policy decisions.
Methodology
The data is calculated and published monthly by the U.S. Bureau of Labor Statistics based on its Producer Price Index survey.
Historical Context
This trend is widely used to gauge inflationary pressures and guide policy responses by the Federal Reserve and other economic institutions.
Key Facts
- The PPI for Finished Goods covers a broad range of wholesale prices.
- The year-over-year percent change is a closely watched economic indicator.
- This metric helps identify emerging inflationary trends in the pipeline.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in the Producer Price Index (PPI) for Finished Goods, which tracks wholesale price levels paid by producers in the U.S.
Q: Why is this trend relevant for users or analysts?
A: The Percent Change from Year Ago in the PPI for Finished Goods is a key indicator of inflationary pressures and price dynamics, providing insight into broader economic conditions that inform policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and published monthly by the U.S. Bureau of Labor Statistics based on its Producer Price Index survey.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by the Federal Reserve and other policymakers to assess price stability and inform monetary policy decisions aimed at maintaining low and stable inflation.
Q: Are there update delays or limitations?
A: The Percent Change from Year Ago in the PPI for Finished Goods is published monthly with a typical release lag of around two weeks.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUPN5615U101000000), retrieved from FRED.