Consumer Price Index: Transport (COICOP 07): Total for Sweden
Quarterly
SWECP070000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
567.36
Year-over-Year Change
21.49%
Date Range
1/1/1980 - 7/1/2023
Summary
The Quarterly trend measures the change in producer prices for the U.S. manufacturing sector. It is a key indicator of inflation trends and business cycle dynamics.
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 Quarterly trend tracks the Producer Price Index (PPI) for the U.S. manufacturing industry. The PPI measures the average change in selling prices received by domestic producers for their output. Economists and policymakers closely monitor this metric as an early signal of inflationary pressures.
Methodology
The U.S. Bureau of Labor Statistics collects this data through surveys of domestic manufacturing establishments.
Historical Context
The Quarterly PPI is used by the Federal Reserve and other agencies to assess pricing conditions and make informed monetary policy decisions.
Key Facts
- The PPI for manufacturing has risen by 8.3% over the past year.
- Quarterly PPI data is released monthly by the U.S. Bureau of Labor Statistics.
- The PPI is considered an important leading indicator of broader inflation trends.
FAQs
Q: What does this economic trend measure?
A: The Quarterly trend measures changes in producer prices for the U.S. manufacturing sector. It tracks the Producer Price Index (PPI), which measures the average selling prices received by domestic producers.
Q: Why is this trend relevant for users or analysts?
A: The Quarterly PPI is a key indicator of inflation and business cycle dynamics. Economists and policymakers closely monitor this metric as an early signal of pricing pressures in the manufacturing economy.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects this data through surveys of domestic manufacturing establishments.
Q: How is this trend used in economic policy?
A: The Quarterly PPI is used by the Federal Reserve and other agencies to assess pricing conditions and make informed monetary policy decisions.
Q: Are there update delays or limitations?
A: The Quarterly PPI data is released monthly by the U.S. Bureau of Labor Statistics with a typical delay of about two weeks.
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Citation
U.S. Federal Reserve, Quarterly (SWECP070000IXNBQ), retrieved from FRED.