Annual, Not Seasonally Adjusted
Annual, Seasonally Adjusted
PRMNCG02DKA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.00
Year-over-Year Change
-4.36%
Date Range
1/1/1974 - 1/1/2022
Summary
This series measures the annual, seasonally adjusted producer price index for motor vehicle parts manufacturing in the United States. It is a key indicator of cost pressures and production trends in the automotive industry.
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 motor vehicle parts manufacturing tracks changes in the average selling prices that domestic producers receive for their goods and services. This data series is used by economists and policymakers to monitor inflationary pressures and production capacity in the motor vehicles parts sector.
Methodology
The U.S. Bureau of Labor Statistics collects price data from a sample of establishments and calculates the PPI using a Laspeyres formula.
Historical Context
The motor vehicle parts PPI is closely watched by the Federal Reserve and industry analysts for insights into automotive supply chains and capital investment.
Key Facts
- The motor vehicle parts PPI is published monthly by the U.S. Bureau of Labor Statistics.
- The index uses 2012 as its base year of 100.
- Domestic producers account for over 70% of the U.S. motor vehicle parts market.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual, seasonally adjusted producer price index for motor vehicle parts manufacturing in the United States.
Q: Why is this trend relevant for users or analysts?
A: The motor vehicle parts PPI is a key indicator of cost pressures and production trends in the automotive industry, used by economists and policymakers to monitor inflationary pressures and supply chain dynamics.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects price data from a sample of establishments and calculates the PPI using a Laspeyres formula.
Q: How is this trend used in economic policy?
A: The motor vehicle parts PPI is closely watched by the Federal Reserve and industry analysts for insights into automotive supply chains and capital investment.
Q: Are there update delays or limitations?
A: The motor vehicle parts PPI is published monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (PRMNCG02DKA661S), retrieved from FRED.