Global price of Wool, Fine
Annual
PWOOLFUSDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
926.62
Year-over-Year Change
-31.03%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual Producer Price Index for Wool measures changes in wholesale prices for unprocessed wool in the United States. It is an important indicator of price trends and inflationary pressures in the agricultural sector.
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 for Wool tracks the wholesale prices received by U.S. wool producers. It is used by economists and policymakers to analyze trends in the cost of raw materials and monitor inflation in the agricultural industry.
Methodology
The data is collected through surveys of wool producers and processors by the U.S. Department of Agriculture.
Historical Context
Wool price trends are relevant for economic analysis of agricultural commodity markets and policy decisions affecting the livestock industry.
Key Facts
- Wool is a key agricultural commodity in the United States.
- The PPI for Wool has increased by over 30% in the past decade.
- Fluctuations in wool prices can impact costs for textile manufacturers.
FAQs
Q: What does this economic trend measure?
A: The Annual Producer Price Index for Wool measures changes in the wholesale prices received by U.S. producers for unprocessed wool.
Q: Why is this trend relevant for users or analysts?
A: Monitoring wool price trends is important for understanding inflationary pressures and cost dynamics in the agricultural sector.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of wool producers and processors by the U.S. Department of Agriculture.
Q: How is this trend used in economic policy?
A: Wool price data is used by economists, policymakers, and industry analysts to assess market conditions and make informed decisions affecting the livestock and textile industries.
Q: Are there update delays or limitations?
A: The Producer Price Index for Wool data is published annually with a lag of several months.
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Citation
U.S. Federal Reserve, Producer Price Index for Wool (PWOOLFUSDA), retrieved from FRED.