Wholesale Prices: Industry Aggregates: Total for India
Index 2015=100, Annual
WPIATT01INA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
137.12
Year-over-Year Change
68.66%
Date Range
1/1/1960 - 1/1/2022
Summary
The Annual Producer Price Index (PPI) for Total Mining and Quarrying tracks changes in wholesale prices for the mining and quarrying sectors over time. This metric is a key indicator of inflationary pressures and industrial production.
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 PPI for Total Mining and Quarrying is a widely-tracked economic indicator that measures the average change in selling prices received by domestic producers for their output. It provides insights into cost inflation, profit margins, and the overall health of the mining and natural resource extraction industries.
Methodology
The U.S. Bureau of Labor Statistics collects data through surveys of producers to calculate this seasonally-adjusted annual index.
Historical Context
Policymakers and analysts monitor this PPI trend to assess the state of the economy and guide decisions on monetary policy, investment, and production.
Key Facts
- The PPI is set to a base year of 2015 = 100.
- The index covers mining, quarrying, and oil/gas extraction industries.
- Annual PPI data is released by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Annual Producer Price Index (PPI) for Total Mining and Quarrying tracks changes in wholesale prices received by domestic producers in the mining and quarrying sectors.
Q: Why is this trend relevant for users or analysts?
A: The PPI is a key indicator of inflationary pressures, industrial production, and the overall health of the mining and natural resource extraction industries.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects survey data from producers to calculate this seasonally-adjusted annual index.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this PPI trend to assess the state of the economy and guide decisions on monetary policy, investment, and production.
Q: Are there update delays or limitations?
A: The Annual PPI data is released by the U.S. Bureau of Labor Statistics with minimal delay.
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Citation
U.S. Federal Reserve, Index 2015=100, Annual (WPIATT01INA661N), retrieved from FRED.