Producer Prices Index: Stage of Processing: Finished Goods: Domestic for Australia
Index 2015=100, Annual
PISPFG02AUA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.39
Year-over-Year Change
27.03%
Date Range
1/1/1999 - 1/1/2019
Summary
The 'Index 2015=100, Annual' trend measures the annual total production of consumer goods and services produced in the United States. This key economic indicator provides insights into the overall health and growth of 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 Producer Price Index for Finished Goods (PISPFG02AUA661N) tracks the average change over time in the selling prices received by domestic producers for their output. It is a widely-used measure of inflationary pressures at the wholesale level and a leading indicator of consumer price trends.
Methodology
The data is collected through surveys of producers and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
The PPI is closely monitored by policymakers, analysts, and investors to gauge inflationary pressures and forecast economic conditions.
Key Facts
- The PPI tracks prices at the wholesale level before retail.
- It covers a broad range of economic sectors, from manufacturing to services.
- PPI data is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2015=100, Annual' trend measures the average change in prices received by domestic producers for their goods and services over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: The PPI is a leading indicator of consumer price inflation and provides valuable insights into broader economic conditions and production-side price pressures.
Q: How is this data collected or calculated?
A: The data is collected through surveys of producers and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The PPI is closely monitored by policymakers, analysts, and investors to gauge inflationary pressures and forecast economic conditions.
Q: Are there update delays or limitations?
A: The PPI data is released monthly by the U.S. Bureau of Labor Statistics with minimal delays.
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Citation
U.S. Federal Reserve, Index 2015=100, Annual (PISPFG02AUA661N), retrieved from FRED.