Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Total for Colombia
Index 2015=100, Monthly
COLPIEAMI01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
221.69
Year-over-Year Change
29.32%
Date Range
6/1/1999 - 12/1/2022
Summary
The Index 2015=100, Monthly trend measures the level of a composite price index for personal consumption expenditures, a key indicator of inflation and consumer spending in the U.S. economy.
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
This index tracks changes in the prices paid by consumers for a basket of goods and services, providing an important metric for assessing economic conditions and informing monetary policy decisions.
Methodology
The data is collected and calculated monthly by the U.S. Bureau of Economic Analysis.
Historical Context
The personal consumption expenditures price index is closely monitored by the Federal Reserve and other policymakers.
Key Facts
- The index uses 2015 as the base year with a value of 100.
- It covers a broad range of consumer goods and services.
- The index is a key input for the Federal Reserve's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Monthly measures changes in the prices paid by consumers for a basket of goods and services, providing a comprehensive indicator of inflation in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This index is a crucial metric for assessing economic conditions and informing monetary policy, as it tracks changes in consumer spending power and inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected and calculated monthly by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: The personal consumption expenditures price index is closely monitored by the Federal Reserve and other policymakers to help guide decisions on interest rates and other monetary policy tools.
Q: Are there update delays or limitations?
A: The index is published monthly with a relatively short lag, making it a timely indicator of economic conditions.
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Citation
U.S. Federal Reserve, Index 2015=100, Monthly (COLPIEAMI01IXOBM), retrieved from FRED.