Gross Domestic Product: Private Industries in Utah
Annual, Not Seasonally Adjusted
UTPINGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
267,789.70
Year-over-Year Change
139.14%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted series measures the percentage change in wholesale prices of goods produced in the U.S. over a 12-month period. This metric is a key indicator of inflationary pressures in the economy.
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 Finished Goods, Not Seasonally Adjusted tracks year-over-year changes in the prices received by domestic producers for their output. This data series is used by economists and policymakers to analyze trends in producer inflation and gauge the overall health of the manufacturing sector.
Methodology
The data is collected through monthly surveys of a sample of producers.
Historical Context
Policymakers at the Federal Reserve closely monitor producer price inflation when setting monetary policy.
Key Facts
- Prices increased 11.2% from 2021 to 2022.
- Producer prices rose at their fastest pace in over 40 years.
- Surging energy and food costs were major drivers of producer inflation.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted series tracks the year-over-year percentage change in wholesale prices of goods produced in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of inflationary pressures in the economy and is closely watched by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of a sample of producers.
Q: How is this trend used in economic policy?
A: Policymakers at the Federal Reserve monitor producer price inflation when setting monetary policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of several weeks.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (UTPINGSP), retrieved from FRED.