Producer Prices Index: Economic Activities: Energy: Domestic for Norway
Index 2015=100, Monthly
PIEAEN02NOM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
325.23
Year-over-Year Change
22.53%
Date Range
1/1/1995 - 1/1/2023
Summary
This economic trend measures the monthly Index of Nonoil Industrial Supplies and Materials, with a base year of 2015. It is a key indicator of industrial production and economic activity in the United States.
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 Index of Nonoil Industrial Supplies and Materials tracks the price changes of a diverse set of industrial commodities, excluding energy-related products. It provides insight into inflationary pressures and input costs for U.S. manufacturers and producers.
Methodology
The data is collected and calculated monthly by the U.S. Bureau of Economic Analysis.
Historical Context
This index is closely monitored by policymakers, economists, and market analysts to assess industrial and economic conditions.
Key Facts
- The base year for this index is 2015.
- It excludes energy-related industrial commodities.
- The index is published monthly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly price changes of a basket of nonoil industrial supplies and materials in the United States, providing insight into industrial production and inflationary pressures.
Q: Why is this trend relevant for users or analysts?
A: The Index of Nonoil Industrial Supplies and Materials is a key indicator of industrial activity and input costs, making it relevant for policymakers, economists, and market analysts assessing the state of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated monthly by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This index is closely monitored by policymakers, as it provides insights into inflationary pressures and industrial production, which can inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with no significant update delays, providing timely information on industrial supply and material price changes.
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Citation
U.S. Federal Reserve, Index 2015=100, Monthly (PIEAEN02NOM661N), retrieved from FRED.