Producer Prices Index: Economic Activities: Manufacture of Food Products: Domestic for Ireland
Growth rate previous period, Monthly
IRLPIEAFD02GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.25
Year-over-Year Change
31.45%
Date Range
2/1/1985 - 12/1/2022
Summary
The Growth Rate Previous Period, Monthly metric tracks the month-over-month change in the growth rate of the Producer Price Index for Final Demand, a key indicator of inflation pressure 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
This economic series measures the growth rate of the Producer Price Index for Final Demand, providing insights into changes in wholesale prices over time. It is a leading indicator used by policymakers, analysts, and businesses to assess inflationary trends and guide economic decision-making.
Methodology
The data is calculated and published monthly by the U.S. Bureau of Labor Statistics based on surveys of producer prices.
Historical Context
This metric is closely monitored by the Federal Reserve and other institutions to inform monetary policy and manage inflation expectations.
Key Facts
- The Producer Price Index for Final Demand tracks changes in the prices received by domestic producers for their output.
- The growth rate reflects the month-over-month percentage change in this index.
- Monitoring producer price inflation is crucial for central banks to achieve their price stability mandates.
FAQs
Q: What does this economic trend measure?
A: This metric measures the month-over-month growth rate of the Producer Price Index for Final Demand, which tracks changes in the prices received by domestic producers for their output.
Q: Why is this trend relevant for users or analysts?
A: The growth rate of producer prices is a leading indicator of overall inflation, providing insights into wholesale price pressures in the economy. This information is crucial for policymakers, businesses, and investors to assess economic conditions and make informed 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 surveys of producer prices.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely monitor this metric to inform monetary policy decisions and manage inflation expectations in the economy.
Q: Are there update delays or limitations?
A: The Producer Price Index for Final Demand is released on a monthly basis, with a typical lag of around two weeks from the end of the reference month.
Related Trends
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IRLCPHP0702IXOBM
Consumer Price Index: Harmonized Prices: All Items: Total for Ireland
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Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Ireland
IRLFCLODCXDC
Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Ireland
IRLCP120000GPQ
Consumer Price Index: Harmonized Prices: Transport (COICOP 07): Fuels and Lubricants for Personal Transport Equipment for Ireland
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Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Ireland
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (IRLPIEAFD02GPM), retrieved from FRED.