Producer Prices Index: Type of Goods: Consumer Goods: Total for Slovak Republic
Index 2015=100, Monthly
PITGCG01SKM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.00
Year-over-Year Change
8.59%
Date Range
1/1/2003 - 12/1/2022
Summary
This economic indicator measures the monthly Producer Price Index (PPI) for the Mining, Quarrying, and Oil and Gas Extraction sector in the United States, with 2015 as the base year. It provides insight into inflationary pressures in this key industrial segment.
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 (PPI) for Mining, Quarrying, and Oil and Gas Extraction tracks changes in the prices received by domestic producers for their output. This index is a closely watched metric for analyzing supply-side inflationary trends and production costs within this vital industrial sector.
Methodology
The U.S. Bureau of Labor Statistics collects data through surveys of domestic producers to calculate this monthly PPI series.
Historical Context
Policymakers and market analysts use this PPI index to assess pricing dynamics and production-side inflation within the mining and energy industries.
Key Facts
- The base year for this index is 2015.
- This PPI series covers the Mining, Quarrying, and Oil and Gas Extraction sector.
- The index is calculated and published monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This economic indicator measures the monthly Producer Price Index (PPI) for the Mining, Quarrying, and Oil and Gas Extraction sector in the United States, with 2015 as the base year.
Q: Why is this trend relevant for users or analysts?
A: This PPI index provides insight into inflationary pressures and production costs within the vital mining and energy industries, making it a closely watched metric for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects data through surveys of domestic producers to calculate this monthly PPI series.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this PPI index to assess pricing dynamics and production-side inflation within the mining and energy industries, which are crucial for the broader economy.
Q: Are there update delays or limitations?
A: This PPI series is published monthly by the U.S. Bureau of Labor Statistics, with no significant update delays or limitations.
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Citation
U.S. Federal Reserve, Index 2015=100, Monthly (PITGCG01SKM661N), retrieved from FRED.