Real Gross Domestic Product: Private Industries in Wisconsin
Annual, Not Seasonally Adjusted
WIPIRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
317,045.10
Year-over-Year Change
21.18%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted series measures the producer price index for natural gas, a key metric for energy markets and policymakers.
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 natural gas tracks the change in wholesale prices charged by U.S. natural gas producers. This provides insight into inflationary pressures and supply-and-demand dynamics in the energy sector.
Methodology
This index is calculated by the U.S. Bureau of Labor Statistics based on survey data from natural gas producers.
Historical Context
Trends in natural gas prices are closely monitored by energy analysts, investors, and policymakers.
Key Facts
- Natural gas is a major fuel source for electricity generation and industrial processes.
- The U.S. is the world's largest producer of natural gas.
- Volatile natural gas prices can impact consumer utility bills and business costs.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted series measures the producer price index for natural gas, providing insight into wholesale pricing for this key energy commodity.
Q: Why is this trend relevant for users or analysts?
A: Trends in natural gas prices are closely watched by energy analysts, investors, and policymakers as they impact a range of economic and policy decisions.
Q: How is this data collected or calculated?
A: This index is calculated by the U.S. Bureau of Labor Statistics based on survey data from natural gas producers.
Q: How is this trend used in economic policy?
A: Policymakers monitor natural gas price trends to assess inflationary pressures and make informed decisions about energy policy, market regulation, and consumer protection.
Q: Are there update delays or limitations?
A: There may be lags in data reporting or revisions due to the survey-based methodology used to calculate this producer price index.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (WIPIRGSP), retrieved from FRED.