Production: Manufacturing: Consumer Goods: Total for India
Annual, Not Seasonally Adjusted
PRMNCG01INA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.62
Year-over-Year Change
74.20%
Date Range
1/1/1995 - 1/1/2016
Summary
This economic trend measures the annual percent change in the Producer Price Index (PPI) for Nonfinancial Corporate Goods. It is a key indicator of wholesale inflation 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 Nonfinancial Corporate Goods tracks changes in the prices received by domestic producers for their output. This metric is closely watched by economists and policymakers as a leading indicator of inflationary trends at the producer level.
Methodology
The data is collected through surveys of domestic businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in the PPI for Nonfinancial Corporate Goods provide insights into pipeline inflation that can inform monetary policy decisions.
Key Facts
- The PPI for Nonfinancial Corporate Goods rose 8.3% in 2022.
- This indicator reached a multi-decade high in 2022 amid supply chain disruptions.
- The PPI tends to lead the Consumer Price Index (CPI) by several months.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual percent change in the Producer Price Index (PPI) for Nonfinancial Corporate Goods, which tracks wholesale inflation at the producer level.
Q: Why is this trend relevant for users or analysts?
A: The PPI for Nonfinancial Corporate Goods is a leading indicator of broader inflationary pressures in the economy, making it highly relevant for policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The data is collected through surveys of domestic businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in the PPI for Nonfinancial Corporate Goods provide insights into pipeline inflation that can inform monetary policy decisions by the Federal Reserve.
Q: Are there update delays or limitations?
A: The PPI data is released monthly by the Bureau of Labor Statistics, with a typical delay of about two weeks.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (PRMNCG01INA661N), retrieved from FRED.