Import Price Index by Origin (NAICS): Cutlery and Handtool Manufacturing for Pacific Rim
COPRIMZ3322 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.50
Year-over-Year Change
-3.67%
Date Range
6/1/2012 - 6/1/2025
Summary
The Import Price Index by Origin (NAICS): Cutlery and Handtool Manufacturing for Pacific Rim measures the changes in prices of imported cutlery and handtools from the Pacific Rim region. This index is a key indicator of trade and inflationary pressures in the manufacturing industry.
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 the prices of imported cutlery and handtools produced in the Pacific Rim countries, which are a major source of these goods for the U.S. market. It provides insight into the costs faced by manufacturers and consumers regarding these essential industrial and household products.
Methodology
The data is collected through surveying importers and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this index to assess trade dynamics and inflationary trends in the manufacturing sector.
Key Facts
- The Pacific Rim region is a major supplier of cutlery and handtools to the U.S.
- Prices of imported cutlery and handtools can impact the costs faced by U.S. manufacturers and consumers.
- The Import Price Index is published monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This index measures the changes in prices of imported cutlery and handtools from the Pacific Rim region, which is a major supplier of these products to the U.S. market.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into trade dynamics and inflationary pressures in the manufacturing sector, which is crucial information for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveying importers and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess trade patterns and inflationary trends in the manufacturing industry, which can inform policy decisions and market analysis.
Q: Are there update delays or limitations?
A: The Import Price Index is published monthly by the U.S. Bureau of Labor Statistics, with a typical release lag of around two weeks.
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Citation
U.S. Federal Reserve, Import Price Index by Origin (NAICS): Cutlery and Handtool Manufacturing for Pacific Rim (COPRIMZ3322), retrieved from FRED.