Producer Prices Index: Economic Activities: Manufacture of Food Products: Total for Australia
Index 2015=100, Annual
PIEAFD01AUA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.61
Year-over-Year Change
38.32%
Date Range
1/1/1983 - 1/1/2022
Summary
This economic indicator measures annual changes in personal income, a key gauge of consumer purchasing power and economic health 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 Personal Income Index (Annual) tracks the total personal income of U.S. residents on a year-over-year basis. It represents the sum of all income sources, including wages, salaries, business profits, dividends, and government transfers, adjusted for inflation.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Historical Context
Policymakers and analysts monitor this index to assess consumer demand, set economic forecasts, and evaluate the effectiveness of fiscal and monetary policies.
Key Facts
- The index is set to a base year of 2015 = 100.
- Personal income accounts for over two-thirds of U.S. gross domestic product.
- Growth in personal income is a leading indicator of consumer spending and economic activity.
FAQs
Q: What does this economic trend measure?
A: The Personal Income Index (Annual) measures changes in the total personal income of U.S. residents on a year-over-year basis.
Q: Why is this trend relevant for users or analysts?
A: Personal income is a key indicator of consumer purchasing power and a leading driver of consumer spending, which accounts for over two-thirds of U.S. economic activity.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this index to assess consumer demand, set economic forecasts, and evaluate the effectiveness of fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The Personal Income Index (Annual) is released with a lag of several months, as the underlying data requires comprehensive data collection and processing.
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Citation
U.S. Federal Reserve, Index 2015=100, Annual (PIEAFD01AUA661N), retrieved from FRED.