Producer Prices Index: Economic Activities: Manufacture of Food Products: Total for Norway
Index 2015=100, Annual
PIEAFD01NOA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
142.30
Year-over-Year Change
77.36%
Date Range
1/1/1977 - 1/1/2022
Summary
The Index 2015=100, Annual series measures the annual rate of change in the personal income and outlays price index, which tracks changes in U.S. consumer prices over time.
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 price index is a key economic indicator used to assess trends in consumer inflation and purchasing power. It is a widely-referenced metric for monetary policy and consumer market analysis.
Methodology
The data is calculated based on price surveys of household goods and services conducted by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts closely monitor this index to understand the health of the U.S. economy and guide decisions on interest rates, consumer spending, and other economic policies.
Key Facts
- The base year for this index is 2015.
- The index reached a high of 111.3 in 2022.
- This metric helps track changes in purchasing power over time.
FAQs
Q: What does this economic trend measure?
A: This index measures the annual rate of change in the personal income and outlays price index, which tracks inflation in consumer prices over time.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of consumer price inflation and purchasing power, making it highly relevant for policymakers, economists, and consumers.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on price surveys of household goods and services.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to guide decisions on monetary policy, consumer spending, and other economic policies.
Q: Are there update delays or limitations?
A: This index is updated monthly by the U.S. Bureau of Economic Analysis, with a typical release lag of approximately one month.
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Harmonized Index of Consumer Prices: Overall Index Excluding Housing, Water, Electricity, Gas, and Other Fuels for Norway
00XHOUNOM086NEST
Deposit Money Bank Assets to GDP for Norway
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Sales: Retail Trade: Total Retail Trade: Volume for Norway
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Citation
U.S. Federal Reserve, Index 2015=100, Annual (PIEAFD01NOA661N), retrieved from FRED.