Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Labor Productivity: Total for Czech Republic
Index 2015=100, Seasonally Adjusted
ULQELP01CZQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.88
Year-over-Year Change
1.70%
Date Range
1/1/1995 - 7/1/2023
Summary
The Index 2015=100, Seasonally Adjusted measures the level of prices received by producers for their outputs, providing insight into inflationary pressures in the 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
This producer price index tracks changes in the selling prices received by domestic producers for their output, covering a sample of industries across the manufacturing, mining, and service sectors. It is a key economic indicator used by policymakers and analysts to assess underlying trends in wholesale price inflation.
Methodology
The data is collected through monthly surveys of a sample of producers across the United States.
Historical Context
The producer price index is closely monitored by the Federal Reserve and other economic policymakers for its implications on consumer price inflation and overall economic conditions.
Key Facts
- The index uses 2015 as the base year with a value of 100.
- It covers prices for approximately 75,000 products and services.
- The index is published monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Seasonally Adjusted measures changes in the prices received by domestic producers for their outputs, providing insight into inflationary pressures in the wholesale economy.
Q: Why is this trend relevant for users or analysts?
A: The producer price index is a closely watched indicator that helps economists and policymakers assess underlying trends in inflation and the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of a sample of producers across the United States.
Q: How is this trend used in economic policy?
A: The producer price index is closely monitored by the Federal Reserve and other economic policymakers for its implications on consumer price inflation and overall economic conditions.
Q: Are there update delays or limitations?
A: The producer price index is published monthly by the U.S. Bureau of Labor Statistics with a typical lag of about two weeks.
Related Trends
Consumer Price Index: Transport (COICOP 07): Total for Czech Republic
CZECP070000IXNBM
Harmonized Index of Consumer Prices: Miscellaneous Goods and Services for Czech Republic
CP1200CZM086NEST
Production: Industry: Total Industry Excluding Construction for Czech Republic
PRINTO01CZQ659S
Consumer Price Index: All Items: Total for Czech Republic
CPALTT01CZM657N
Infra-Annual Labor Statistics: Persons Outside the Labor Force Female: From 15 to 74 Years for Czechia
LFIN74FECZA647N
Mutual Fund Assets to GDP for Czech Republic
DDDI07CZA156NWDB
Citation
U.S. Federal Reserve, Index 2015=100, Seasonally Adjusted (ULQELP01CZQ661S), retrieved from FRED.