Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Labor Productivity: Total for Portugal
Index 2015=100, Not Seasonally Adjusted
ULQELP01PTQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.45
Year-over-Year Change
6.77%
Date Range
1/1/1995 - 7/1/2023
Summary
This economic trend measures the Producer Price Index (PPI) for Retail Trade Industries, not seasonally adjusted, with a base year of 2015. The PPI is a key indicator of wholesale inflation and price changes in the production 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 (PPI) for Retail Trade Industries tracks changes in the selling prices received by domestic producers for their output sold to the retail trade sector. This index is an important barometer of inflationary pressures and producer-level price dynamics.
Methodology
The data is collected through surveys of producers and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
The PPI is closely monitored by policymakers, analysts, and businesses for insights into broader economic and market conditions.
Key Facts
- The base year for this index is 2015.
- The PPI for Retail Trade measures price changes across the production pipeline.
- This index is a leading indicator of future consumer price trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Producer Price Index (PPI) for the Retail Trade Industries sector, which tracks changes in the selling prices received by domestic producers for goods and services sold to the retail trade sector.
Q: Why is this trend relevant for users or analysts?
A: The PPI for Retail Trade is an important indicator of inflationary pressures and price dynamics in the production pipeline, providing insights into future consumer price trends.
Q: How is this data collected or calculated?
A: The data is collected through surveys of producers and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The PPI for Retail Trade is closely monitored by policymakers, analysts, and businesses for its implications on broader economic and market conditions.
Q: Are there update delays or limitations?
A: The PPI data is published monthly by the Bureau of Labor Statistics, with a typical release lag of around two weeks.
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Citation
U.S. Federal Reserve, Index 2015=100, Not Seasonally Adjusted (ULQELP01PTQ661N), retrieved from FRED.