Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Slovak Republic
Annual, Not Seasonally Adjusted
PRINTO01SKA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94.53
Year-over-Year Change
10.80%
Date Range
1/1/1989 - 1/1/2023
Summary
This series measures the annual not seasonally adjusted producer price index for industrial commodities in the United States. It is a key indicator of inflationary pressures and producer 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) tracks changes in the prices of goods sold by manufacturers, miners, and farmers at the wholesale level. The annual not seasonally adjusted PPI for industrial commodities provides insight into broad trends in producer prices over a 12-month period.
Methodology
The PPI is calculated based on a survey of producers across various sectors of the economy.
Historical Context
The PPI is closely monitored by policymakers, analysts, and businesses to assess inflationary pressures and the health of the broader economy.
Key Facts
- The PPI reached a record high of 290.4 in March 2022.
- Producer prices have risen over 11% year-over-year as of March 2022.
- The PPI is considered a leading indicator of consumer price inflation.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual not seasonally adjusted producer price index for industrial commodities in the United States. It tracks changes in the prices of goods sold by manufacturers, miners, and farmers at the wholesale level.
Q: Why is this trend relevant for users or analysts?
A: The PPI for industrial commodities is a key indicator of inflationary pressures and producer costs, providing insight into broad trends in wholesale prices. It is closely monitored by policymakers, analysts, and businesses to assess the health of the broader economy.
Q: How is this data collected or calculated?
A: The PPI is calculated based on a survey of producers across various sectors of the economy.
Q: How is this trend used in economic policy?
A: The PPI for industrial commodities is used by policymakers, economists, and market participants to assess inflationary pressures and make informed decisions about monetary policy, pricing, and investment strategies.
Q: Are there update delays or limitations?
A: The PPI data is published monthly by the U.S. Bureau of Labor Statistics, with a typical release lag of around two weeks.
Related Trends
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Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Slovak Republic
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Infra-Annual Labor Statistics: Employment Male: From 55 to 64 Years for Slovak Republic
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (PRINTO01SKA661N), retrieved from FRED.