Producer Prices Index: Economic Activities: Manufacturing: Domestic for Canada
PIEAMP02CAM659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.61
Year-over-Year Change
-51.71%
Date Range
1/1/1960 - 12/1/2022
Summary
The Producer Prices Index for Economic Activities: Manufacturing: Domestic tracks changes in wholesale prices of manufactured goods in Canada. It is a key indicator of inflationary pressures and industrial production in the Canadian 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 Producer Prices Index for Manufacturing (Domestic) measures the average change in selling prices received by Canadian manufacturers for their domestic sales. It is used to analyze price trends, monitor inflation, and assess the competitiveness of Canadian manufacturing industries.
Methodology
The data is collected through surveys of Canadian manufacturers and calculated by Statistics Canada.
Historical Context
This index is closely watched by the Bank of Canada and other policymakers to inform monetary and economic policy decisions.
Key Facts
- The index has a base year of 2010 = 100.
- Prices are measured at the factory gate before taxes and transportation costs.
- The index covers a range of manufacturing industries in Canada.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index for Economic Activities: Manufacturing: Domestic tracks changes in wholesale prices received by Canadian manufacturers for their domestic sales.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of inflationary pressures and the overall health of the Canadian manufacturing sector, making it relevant for policymakers, economists, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Canadian manufacturers and calculated by Statistics Canada.
Q: How is this trend used in economic policy?
A: The Bank of Canada and other policymakers closely monitor this index to inform monetary and economic policy decisions, as it provides insights into industrial production and price trends.
Q: Are there update delays or limitations?
A: The index is published monthly by Statistics Canada, with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic Activities: Manufacturing: Domestic for Canada (PIEAMP02CAM659N), retrieved from FRED.