Global price of Tin
Annual
PTINUSDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30,059.33
Year-over-Year Change
42.40%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual trend measures the annual growth rate of the Producer Price Index for Total Services, excluding trade industries, in the United States. It provides important insights into inflationary pressures and the overall health of the service 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
The Annual trend tracks the year-over-year change in producer prices for the U.S. service industry, excluding wholesale and retail trade. It is a key indicator of cost pressures and pricing power within the services component of the economy.
Methodology
The data is collected through surveys of service providers and calculated as an annual percent change.
Historical Context
This trend is monitored by economists, policymakers, and market analysts to assess the trajectory of inflation and service sector activity.
Key Facts
- The Annual trend reached a high of 5.6% in 2022.
- Services account for over 60% of U.S. economic activity.
- Producer prices often lead consumer prices in signaling inflation.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year change in producer prices for the U.S. service industry, excluding trade.
Q: Why is this trend relevant for users or analysts?
A: It provides important insights into inflationary pressures and the overall health of the service sector, which is a major component of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of service providers and calculated as an annual percent change.
Q: How is this trend used in economic policy?
A: This trend is monitored by economists, policymakers, and market analysts to assess the trajectory of inflation and service sector activity.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Annual (PTINUSDA), retrieved from FRED.