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A producer price index (PPI) is a price index that measures the average changes in prices received by domestic producers for their output. Formerly known as the wholesale price index between 1902 and 1978, the index is made up of over 16,000 establishments providing approximately 64,000 price quotations that the U.S. Bureau of Labor Statistics (BLS) compiles each month to represent thousands ...
The FD-ID system replaced the PPI "stage-of-processing" (SOP) system as PPI's primary aggregation model with the release of data for January 2014. The scope of the SOP system was narrower than the PPI index. [4] Over 600 FD-ID PPIs are available measuring price change for goods, services, and construction sold to final demand and intermediate ...
Wholesale goods prices surged 0.7%, accounting for nearly 60% of the broad-based monthly rise in the PPI, after edging up 0.1% in October. Food prices soared 3.1%, making up 80% of the increase in ...
Thursday's report from the Bureau of Labor Statistics showed that its producer price index (PPI) — which tracks the price changes companies see — rose 3% from the year prior, up from the 2.4% ...
The producer price index (PPI) for final demand rose 0.2% on a monthly basis in October, in line with forecasts, though the annual rise of 2.4% was a touch higher than expectations.
The economic data published on FRED are widely reported in the media and play a key role in financial markets. In a 2012 Business Insider article titled "The Most Amazing Economics Website in the World", Joe Weisenthal quoted Paul Krugman as saying: "I think just about everyone doing short-order research — trying to make sense of economic issues in more or less real time — has become a ...
Chris Zaccarelli, chief investment officer at Independent Advisor Alliance, backed up that idea, arguing the “most important data release is tomorrow’s CPI print.” “Today’s PPI is a bad ...
A number of different formulae, more than a hundred, have been proposed as means of calculating price indexes.While price index formulae all use price and possibly quantity data, they aggregate these in different ways.