Producer Prices Index: Economic Activities: Manufacturing: Total for Ireland
Index 2015=100, Monthly
PIEAMP01IEM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
85.60
Year-over-Year Change
2.51%
Date Range
1/1/1968 - 12/1/2022
Summary
The Index 2015=100, Monthly trend measures producer price inflation for the manufacturing sector in the United States. This key indicator helps economists and policymakers assess inflationary pressures and monitor industrial output.
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 producer prices for manufactured goods, providing insight into the state of the broader economy. Analysts use this index to gauge overall price dynamics and make informed decisions about monetary policy and production planning.
Methodology
The data is collected through surveys of manufacturing establishments and calculated as a weighted average of price changes.
Historical Context
This index is closely watched by the Federal Reserve and other institutions to evaluate economic conditions and inflation.
Key Facts
- The base year for the index is 2015.
- The index is released monthly by the U.S. Bureau of Labor Statistics.
- Prices are measured at the producer or wholesale level, before reaching consumers.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Monthly measures changes in producer prices for manufactured goods in the United States.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into inflationary pressures and the overall health of the manufacturing sector, which is crucial for economic decision-making.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments and calculated as a weighted average of price changes.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely monitor this index to evaluate economic conditions and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The Index 2015=100, Monthly is released on a monthly basis by the U.S. Bureau of Labor Statistics, with minimal delays.
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Citation
U.S. Federal Reserve, Index 2015=100, Monthly (PIEAMP01IEM661N), retrieved from FRED.