Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Domestic for Switzerland
Index 2015=100, Monthly
PIEAMI02CHM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.23
Year-over-Year Change
2.24%
Date Range
5/1/2003 - 12/1/2022
Summary
The Producer Price Index for Chemicals and Allied Products, Monthly tracks wholesale price changes for a broad range of chemical products. It is a key indicator of inflationary pressures in the manufacturing sector.
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 Producer Price Index for Chemicals and Allied Products, Monthly measures the average change over time in the selling prices received by domestic producers for their output. It covers a wide variety of chemicals, from basic industrial chemicals to specialty and consumer-oriented products.
Methodology
The data is collected through monthly surveys of producers and calculated using a Laspeyres formula.
Historical Context
This index is closely monitored by economists, policymakers, and market analysts to assess trends in industrial pricing and production costs.
Key Facts
- Base year is 2015=100.
- Covers over 3,000 individual product indexes.
- Released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Producer Price Index for Chemicals and Allied Products, Monthly measures changes in the selling prices received by domestic producers of a wide range of chemical products.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of inflationary pressures and production costs in the manufacturing sector, which is closely monitored by economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of producers and calculated using a Laspeyres formula.
Q: How is this trend used in economic policy?
A: The Producer Price Index for Chemicals is used by the Federal Reserve and other policymakers to assess overall price pressures and guide decisions on monetary policy.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Labor Statistics with a typical lag of several weeks.
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Citation
U.S. Federal Reserve, Index 2015=100, Monthly (PIEAMI02CHM661N), retrieved from FRED.