Import Price Index: Plastics and rubber products manufacturing for European Union
COEECZ326 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90.60
Year-over-Year Change
-1.95%
Date Range
6/1/2012 - 12/1/2020
Summary
The Import Price Index (IPI) for Plastics and Rubber Products Manufacturing in the European Union measures the change in prices of imported goods in this industry. It is an important indicator of inflationary pressures and global trade dynamics.
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 IPI for Plastics and Rubber Products Manufacturing tracks the monthly change in prices of imports in this key industrial sector. This metric is used by economists and policymakers to analyze the competitiveness of domestic manufacturers and the impact of international trade flows.
Methodology
The data is collected through surveys of importers and calculated by the European Union's statistical agency, Eurostat.
Historical Context
The IPI helps inform macroeconomic policy decisions and business investment strategies.
Key Facts
- Covers over 60% of EU imports in the plastics and rubber sector.
- Base year is 2015 = 100.
- Data available monthly since 1995.
FAQs
Q: What does this economic trend measure?
A: The Import Price Index for Plastics and Rubber Products Manufacturing tracks changes in the prices of imported goods in this industrial sector in the European Union.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into inflationary pressures, global trade dynamics, and the competitiveness of domestic manufacturers in the plastics and rubber industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of importers and calculated by Eurostat, the European Union's statistical agency.
Q: How is this trend used in economic policy?
A: The IPI helps inform macroeconomic policy decisions and business investment strategies related to the plastics and rubber manufacturing sector.
Q: Are there update delays or limitations?
A: The IPI data is released monthly with minimal delays, providing timely information to analysts and policymakers.
Related Trends
Harmonized Index of Consumer Prices: Canteens for Euro Area (19 Countries)
CP1112EZ19M086NEST
Employed Population: Aged 15-64: All Persons for the European Union
LFEM64TTEUQ647S
Producer Prices Index: Economic activities: Manufacturing: Domestic for the European Union
EU28PIEAMP02GPQ
Harmonized Index of Consumer Prices: Newspapers, Books and Stationery for European Union (27 Countries from 2020)
CP0950EU272020M086NEST
Balance of payments BPM6: Capital account: Capital account Balance: Gross acquisitions/disposals of non-produced non-financial assets Balance for the European Union
EU28B6CATT01NCCUQ
Harmonized Index of Consumer Prices: Electricity, Gas and Other Fuels for European Union
CP0450EUCCM086NEST
Citation
U.S. Federal Reserve, Import Price Index: Plastics and rubber products manufacturing for European Union (COEECZ326), retrieved from FRED.