Import Price Index: Nonmetallic mineral product manufacturing for Industrialized Countries
COINDUSZ327 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.80
Year-over-Year Change
2.64%
Date Range
6/1/2012 - 12/1/2020
Summary
The Import Price Index (IPI) for Nonmetallic mineral product manufacturing for Industrialized Countries measures changes in the prices of imported goods in this sector. It is an important economic indicator for policymakers and analysts assessing trade flows and inflationary pressures.
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 Nonmetallic mineral product manufacturing tracks the cost of imported goods and materials used in the production of nonmetallic mineral products like glass, ceramics, and cement. This index helps measure how exchange rates, trade policies, and global supply dynamics impact the prices paid by U.S. manufacturers.
Methodology
The data is collected through surveys of U.S. importers and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
The IPI is used by the Federal Reserve and other policymakers to monitor inflationary trends and inform monetary policy decisions.
Key Facts
- The IPI covers over 15,000 imported goods and materials.
- Nonmetallic mineral products account for about 2% of total U.S. imports.
- The index uses 2000 as its base year.
FAQs
Q: What does this economic trend measure?
A: The Import Price Index for Nonmetallic mineral product manufacturing tracks changes in the prices of imported goods and materials used in the production of nonmetallic mineral products like glass, ceramics, and cement.
Q: Why is this trend relevant for users or analysts?
A: This index helps measure how exchange rates, trade policies, and global supply dynamics impact the prices paid by U.S. manufacturers, making it an important indicator for policymakers and analysts assessing trade flows and inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. importers and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The IPI is used by the Federal Reserve and other policymakers to monitor inflationary trends and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The IPI data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Import Price Index: Nonmetallic mineral product manufacturing for Industrialized Countries (COINDUSZ327), retrieved from FRED.