Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Total for Ireland
IRLPIEAMI01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.23
Year-over-Year Change
-32.73%
Date Range
2/1/1995 - 12/1/2022
Summary
The Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Total for Ireland measures price changes for mining and quarrying products in Ireland. It is an important indicator of inflationary pressures in the industrial sector.
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 average change in prices received by producers of mining and quarrying products in Ireland. It reflects wholesale rather than consumer prices, providing insights into supply-side inflation dynamics that can inform economic and policy decisions.
Methodology
The data is collected through surveys of mining and quarrying companies in Ireland and aggregated into a price index.
Historical Context
The mining and quarrying PPI is used by policymakers, analysts, and businesses to assess inflationary trends and inform investment and pricing decisions.
Key Facts
- The index base year is 2015.
- Mining and quarrying account for about 8% of Ireland's industrial production.
- Prices are surveyed across a range of mining and quarrying activities.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Total for Ireland measures changes in the prices received by producers of mining and quarrying products in the country.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into supply-side inflationary pressures in the industrial sector, which is important for economic and policy analysis.
Q: How is this data collected or calculated?
A: The data is collected through surveys of mining and quarrying companies in Ireland and aggregated into a price index.
Q: How is this trend used in economic policy?
A: The mining and quarrying PPI is used by policymakers, analysts, and businesses to assess inflationary trends and inform investment and pricing decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Total for Ireland (IRLPIEAMI01GPM), retrieved from FRED.