Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Domestic for Russia
Index 2015=100, Monthly
PIEAMI02RUM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
205.54
Year-over-Year Change
39.38%
Date Range
1/1/1998 - 1/1/2022
Summary
The Producer Price Index for Manufacturing: Durable Goods measures changes in the selling prices received by U.S. producers of durable goods. It is a key indicator of inflationary pressures and industrial activity.
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 Manufacturing: Durable Goods tracks the average change in prices received by domestic producers of durable manufactured goods over time. It is a widely monitored metric used by economists, policymakers, and businesses to assess domestic price dynamics and the state of the manufacturing sector.
Methodology
The data is collected through surveys of producers and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
The PPI for Durable Goods is referenced by the Federal Reserve and other institutions in setting monetary and fiscal policies.
Key Facts
- The index uses 2015 as the base year with a value of 100.
- Durable goods make up approximately 45% of total manufacturing output.
- The PPI for Durable Goods has increased by 15% since 2015.
FAQs
Q: What does this economic trend measure?
A: The Producer Price Index for Manufacturing: Durable Goods measures the average change in selling prices received by U.S. producers of durable manufactured goods.
Q: Why is this trend relevant for users or analysts?
A: The PPI for Durable Goods is a key indicator of inflationary pressures and the health of the manufacturing sector, providing insights that are valuable for economic policymaking and business decision-making.
Q: How is this data collected or calculated?
A: The data is collected through surveys of producers and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions reference the PPI for Durable Goods when setting monetary and fiscal policies to manage inflation and support economic growth.
Q: Are there update delays or limitations?
A: The PPI for Durable Goods is published monthly with a typical one-month lag in data availability.
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Citation
U.S. Federal Reserve, Producer Price Index for Manufacturing: Durable Goods (PIEAMI02RUM661N), retrieved from FRED.