Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Total for Ireland
Index 2015=100, Monthly
PIEAMI01IEM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128.40
Year-over-Year Change
11.36%
Date Range
1/1/1995 - 12/1/2022
Summary
The Index 2015=100, Monthly measures the Producer Price Index (PPI) for Intermediate Demand - Processed Goods for Intermediate Demand. This index is a key indicator of wholesale price inflation and production costs 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
The Index 2015=100, Monthly tracks changes in the prices received by domestic producers for their output. It measures inflation pressures at the intermediate stage of production, providing insights into cost factors that may feed through to consumer prices.
Methodology
The data is collected through surveys of domestic producers and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
This PPI index is closely monitored by the Federal Reserve and other policymakers to assess inflationary trends and guide monetary policy decisions.
Key Facts
- The base year for this index is 2015.
- Prices are measured at the wholesale or producer level.
- The index covers processed goods destined for intermediate demand.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Monthly measures changes in the prices received by domestic producers for their output, specifically processed goods for intermediate demand.
Q: Why is this trend relevant for users or analysts?
A: This PPI index provides insights into inflation pressures and production costs at the wholesale level, which can help predict future consumer price trends and guide economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of domestic producers and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers closely monitor this PPI index to assess inflationary pressures and make informed monetary policy decisions.
Q: Are there update delays or limitations?
A: The Index 2015=100, Monthly data is published monthly by the U.S. Bureau of Labor Statistics with a typical delay of around one month.
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Citation
U.S. Federal Reserve, Index 2015=100, Monthly (PIEAMI01IEM661N), retrieved from FRED.