Wholesale Prices: Industry Aggregates: Manufactured Products: Total for India
Growth rate previous period, Quarterly
INDWPIAMP01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.15
Year-over-Year Change
115.82%
Date Range
7/1/1994 - 7/1/2022
Summary
The 'Growth rate previous period, Quarterly' series measures the quarterly growth rate of the Producer Price Index for Intermediate Materials, Supplies, and Components. This trend is a key indicator of inflationary pressures 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
The Producer Price Index for Intermediate Materials, Supplies, and Components (INDWPIAMP01GPQ) tracks the price changes of goods used as inputs by manufacturers and producers. The quarterly growth rate provides insight into producer-level inflation, which can foreshadow changes in consumer prices.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics as part of the Producer Price Index program.
Historical Context
This economic indicator is closely monitored by the Federal Reserve and other policymakers when assessing inflationary conditions and considering monetary policy decisions.
Key Facts
- The Producer Price Index covers around 75% of the domestic production in the United States.
- Producer prices typically lead changes in consumer prices by several months.
- The Federal Reserve uses PPI data as one input when setting monetary policy.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Quarterly' series measures the quarterly percent change in the Producer Price Index for Intermediate Materials, Supplies, and Components.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into producer-level inflationary pressures, which can signal future changes in consumer prices that are important for businesses, consumers, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics as part of the Producer Price Index program.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers closely monitor the Producer Price Index growth rate when assessing inflationary conditions and considering monetary policy decisions.
Q: Are there update delays or limitations?
A: The Producer Price Index 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, Quarterly (INDWPIAMP01GPQ), retrieved from FRED.