Gross Domestic Product: Wholesale Trade (42) in Ohio
Annual, Not Seasonally Adjusted
OHWHOLENGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57,139.80
Year-over-Year Change
68.12%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted series measures the wholesale price index for the overall economy, excluding food and energy. This metric provides insight into broader inflationary pressures and is closely watched by economists 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 Wholesale Price Index (WPI) is a measure of average changes in prices received by domestic producers for their output. The OHWHOLENGSP series excludes the volatile food and energy components, providing a more stable indicator of underlying price trends.
Methodology
The data is collected through surveys of domestic producers and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
The WPI is used as an early indicator of inflation and can inform monetary policy decisions.
Key Facts
- The WPI measures changes in prices received by domestic producers.
- The OHWHOLENGSP series excludes volatile food and energy components.
- The WPI is used as an early indicator of inflationary trends.
FAQs
Q: What does this economic trend measure?
A: The OHWHOLENGSP series measures the Wholesale Price Index (WPI) for the overall economy, excluding food and energy prices.
Q: Why is this trend relevant for users or analysts?
A: The WPI provides insight into broader inflationary pressures and is closely watched by economists and policymakers as an early indicator of price trends.
Q: How is this data collected or calculated?
A: The data is collected through surveys of domestic producers and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The WPI is used as an input for monetary policy decisions, as it can inform the Federal Reserve's efforts to maintain price stability.
Q: Are there update delays or limitations?
A: The OHWHOLENGSP data is published monthly with a typical one-month lag.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (OHWHOLENGSP), retrieved from FRED.