Production: Manufacturing: Intermediate Goods: Total for Colombia
Quarterly, Not Seasonally Adjusted
COLPRMNIG01IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.68
Year-over-Year Change
2.57%
Date Range
1/1/2001 - 10/1/2018
Summary
The Quarterly, Not Seasonally Adjusted trend measures changes in the producer price index for crude petroleum on a quarterly basis without seasonal adjustments. This metric is crucial for understanding inflationary pressures and energy market 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 Quarterly, Not Seasonally Adjusted producer price index for crude petroleum provides a quarterly snapshot of price changes for this key commodity. It offers insights into energy market conditions and can inform economic forecasting and policy decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, analysts, and industry participants to gauge price movements in the global energy markets.
Key Facts
- The index is published quarterly by the U.S. Bureau of Labor Statistics.
- Crude petroleum is a critical input for many industries, from transportation to manufacturing.
- Movements in this index can significantly impact inflation, consumer spending, and economic growth.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Not Seasonally Adjusted trend measures changes in the producer price index for crude petroleum on a quarterly basis without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: This metric offers crucial insights into energy market conditions and inflationary pressures, which are vital for economic forecasting, policy decisions, and market analysis.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, analysts, and industry participants to gauge price movements in the global energy markets, which can significantly impact inflation, consumer spending, and economic growth.
Q: Are there update delays or limitations?
A: The index is published quarterly, so there may be a delay in the most recent data being available.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (COLPRMNIG01IXOBQ), retrieved from FRED.