Gross Domestic Product: Private Industries in Massachusetts
Annual, Not Seasonally Adjusted
MAPINGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
712,441.90
Year-over-Year Change
80.53%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted series measures the price index for import goods, providing insight into the cost of foreign goods entering the U.S. market. This metric is closely monitored by policymakers and analysts to assess international trade dynamics and inflationary pressures.
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 Import Price Index tracks the prices of a representative basket of imported goods, excluding services. It serves as an important indicator of import cost changes, which can impact domestic inflation, consumer purchasing power, and the competitiveness of U.S. exports.
Methodology
The data is collected through surveys of importers and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
The Import Price Index is a key economic indicator used by the Federal Reserve, policymakers, and market analysts to inform decisions on trade policy, monetary policy, and macroeconomic forecasting.
Key Facts
- The Import Price Index is published monthly by the U.S. Bureau of Labor Statistics.
- Increases in the Import Price Index can lead to higher consumer prices and reduced purchasing power.
- Trends in the Import Price Index provide insight into the competitiveness of U.S. exports.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted series measures the price index for a broad basket of imported goods, excluding services, entering the U.S. market.
Q: Why is this trend relevant for users or analysts?
A: The Import Price Index is a key indicator of import cost changes, which can impact domestic inflation, consumer purchasing power, and the competitiveness of U.S. exports.
Q: How is this data collected or calculated?
A: The data is collected through surveys of importers and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Import Price Index is used by the Federal Reserve, policymakers, and market analysts to inform decisions on trade policy, monetary policy, and macroeconomic forecasting.
Q: Are there update delays or limitations?
A: The Import Price Index is published monthly by the U.S. Bureau of Labor Statistics, with a typical delay of several weeks.
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Average Weekly Earnings of Production Employees: Manufacturing in Massachusetts
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (MAPINGSP), retrieved from FRED.