Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Domestic for Slovak Republic
SVKPIEAMI02GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-5.18
Year-over-Year Change
-227.27%
Date Range
2/1/1994 - 12/1/2022
Summary
The Producer Prices Index for Mining and Quarrying Activities in the Slovak Republic measures changes in the prices received by domestic producers for their output. This index is a key indicator of inflationary pressures and production costs in the mining and quarrying 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 Producer Prices Index (PPI) tracks the average change in prices received by domestic producers for their goods and services. The Mining and Quarrying Activities PPI specifically focuses on the mining, quarrying, and extraction industries, providing insights into production costs and price trends in this crucial economic sector.
Methodology
The data is collected through surveys of domestic producers and calculated as a weighted index based on output values.
Historical Context
The PPI is closely monitored by policymakers, analysts, and businesses to understand inflationary dynamics and guide economic decision-making.
Key Facts
- The PPI for Mining and Quarrying Activities in Slovakia is published monthly.
- The index uses 2015 as the base year with a value of 100.
- This index is an important input for tracking overall producer price inflation in the country.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index for Mining and Quarrying Activities in the Slovak Republic measures changes in the prices received by domestic producers for their output in the mining, quarrying, and extraction industries.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into inflationary pressures and production costs within a crucial sector of the Slovak economy, informing economic analysis and decision-making.
Q: How is this data collected or calculated?
A: The data is collected through surveys of domestic producers and calculated as a weighted index based on output values.
Q: How is this trend used in economic policy?
A: The PPI for Mining and Quarrying Activities is closely monitored by policymakers, analysts, and businesses to understand inflationary dynamics and guide economic decision-making.
Q: Are there update delays or limitations?
A: The index is published monthly, with no known significant update delays or limitations.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Domestic for Slovak Republic (SVKPIEAMI02GPM), retrieved from FRED.