Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Domestic for Norway
Index 2015=100, Annual
PITGND02NOA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.01
Year-over-Year Change
52.69%
Date Range
1/1/1995 - 1/1/2022
Summary
The Index 2015=100, Annual series measures the annual Producer Price Index (PPI) for Mining, quarrying, and oil and gas extraction in the United States. This index is a key economic indicator tracked by policymakers and analysts to gauge trends in producer prices.
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 PPI Index 2015=100, Annual tracks changes in the prices received by domestic producers for their output. It is a widely followed metric that provides insight into inflationary pressures and the overall health of the U.S. economy.
Methodology
The data is collected through surveys of producers and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
The PPI is used by the Federal Reserve and other policymakers to inform monetary policy decisions.
Key Facts
- The PPI is measured relative to a 2015 baseline of 100.
- The index covers mining, quarrying, and oil and gas extraction industries.
- PPI trends are closely watched for signs of changing production costs.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Annual series measures annual changes in the Producer Price Index (PPI) for the mining, quarrying, and oil and gas extraction industries in the United States.
Q: Why is this trend relevant for users or analysts?
A: The PPI is a key indicator of inflationary pressures and the overall health of the U.S. economy, providing insight into the pricing environment faced by domestic producers.
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 Federal Reserve and other policymakers use PPI trends to inform monetary policy decisions aimed at maintaining stable prices and supporting economic growth.
Q: Are there update delays or limitations?
A: The PPI data is released monthly with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Index 2015=100, Annual (PITGND02NOA661N), retrieved from FRED.