Global price of Palm Oil
Annual
PPOILUSDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
923.91
Year-over-Year Change
-1.69%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual Producer Price Index for Finished Goods tracks changes in wholesale prices of finished goods and services over time, providing insight into inflation and production costs.
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) measures the average change in selling prices received by domestic producers for their output. The Annual PPI for Finished Goods specifically looks at prices of final products, giving a high-level view of inflationary pressures throughout the supply chain.
Methodology
The U.S. Bureau of Labor Statistics collects price data from a sample of producers and calculates the PPI on a monthly basis.
Historical Context
Policymakers and analysts use the PPI to gauge cost-push inflation and assess the overall health of the economy.
Key Facts
- The PPI covers around 75% of the domestic production for goods and services.
- The PPI is released monthly, with a lag of about two weeks after the end of the reference month.
- Changes in the PPI can signal shifts in consumer prices, as producers often pass on cost increases.
FAQs
Q: What does this economic trend measure?
A: The Annual Producer Price Index for Finished Goods measures the average change in selling prices received by domestic producers for their output over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: The PPI is an important indicator of inflationary pressures, as changes in producer prices can signal future shifts in consumer prices and production costs.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects price data from a sample of producers and calculates the monthly PPI, which is then used to derive the annual figure.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Annual PPI for Finished Goods to assess overall economic conditions and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The PPI is released with a lag of about two weeks after the end of the reference month, and the data may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Producer Price Index for Finished Goods (PPOILUSDA), retrieved from FRED.