Producer Prices Index: Economic Activities: Manufacturing: Total for Colombia
Growth rate previous period, Monthly
COLPIEAMP01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.63
Year-over-Year Change
-157.52%
Date Range
7/1/1999 - 12/1/2022
Summary
The growth rate previous period, monthly trend measures the month-over-month percent change in the Producer Price Index for Finished Goods. This indicator provides insight into producer-level 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 growth rate previous period, monthly series tracks the monthly percentage change in the Producer Price Index for Finished Goods. This metric is used by economists and policymakers to monitor producer-level inflation and assess the trajectory of overall price dynamics.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of producer prices.
Historical Context
The growth rate previous period, monthly trend is an important input for the Federal Reserve's monetary policy decisions.
Key Facts
- Measured by the U.S. Bureau of Labor Statistics
- Provides insight into producer-level price pressures
- Used by the Federal Reserve for monetary policy
FAQs
Q: What does this economic trend measure?
A: The growth rate previous period, monthly trend measures the month-over-month percent change in the Producer Price Index for Finished Goods, which reflects price changes at the producer level.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers as an indicator of producer-level inflationary pressures, which can signal future consumer price trends.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of producer prices.
Q: How is this trend used in economic policy?
A: The growth rate previous period, monthly trend is an important input for the Federal Reserve's monetary policy decisions as they work to achieve their dual mandate of price stability and maximum employment.
Q: Are there update delays or limitations?
A: The data is released monthly by the Bureau of Labor Statistics with a typical lag of around two weeks.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (COLPIEAMP01GPM), retrieved from FRED.