Import Price Index by Origin (NAICS): Furniture and Related Product Manufacturing for Pacific Rim
COPRIMZ337 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.00
Year-over-Year Change
2.28%
Date Range
6/1/2012 - 6/1/2025
Summary
The Import Price Index for Furniture and Related Product Manufacturing from the Pacific Rim measures changes in the prices of imported furniture and related products from that region. This data provides insights into global trade and domestic manufacturing trends.
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 Import Price Index for Furniture and Related Product Manufacturing from the Pacific Rim is a key indicator for tracking the costs of imported furniture and related products from that region. It helps economists and policymakers understand global competitive dynamics and inflationary pressures in the domestic furniture industry.
Methodology
This index is calculated by the U.S. Bureau of Labor Statistics based on surveys of import transactions.
Historical Context
Trends in this index are closely monitored by industries, trade analysts, and economic policymakers.
Key Facts
- The index uses 2000 as the base year.
- Covers imports of furniture and related products from 8 major Pacific Rim economies.
- Data published monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of imported furniture and related products from the Pacific Rim region.
Q: Why is this trend relevant for users or analysts?
A: Trends in this index provide insights into global trade dynamics and inflationary pressures facing the domestic furniture manufacturing industry.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Labor Statistics based on surveys of import transaction prices.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts closely monitor this index to understand international competitiveness and cost pressures in the furniture manufacturing sector.
Q: Are there update delays or limitations?
A: The index is published monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Import Price Index by Origin (NAICS): Furniture and Related Product Manufacturing for Pacific Rim (COPRIMZ337), retrieved from FRED.