Rising Building Materials Prices: August 2024 PPI Overview

Building Material and Supplies Dealers' Producer Price Index Overview

The Producer Price Index PPI for Industry 44414, which represents building material and supplies dealers, was reported at a value of 212.617 in August 2024, indicating a rising tr compared to the previous months.

This monthly index is calculated by the U.S. Bureau of Labor Statistics BLS, serving as an essential tool for understanding inflationary pressures within this industry sector. The index is set at 100 for December 2003 prices and reflects changes in the average selling prices received by businesses involved in selling building materials and supplies to other firms, rather than retl customers.

The data for this series exhibits a cyclical pattern that closely aligns with national economic conditions, as indicated by shaded areas on its chart corresponding to periods of U.S. recessions. This series is classified under the Retl Trade category within industry-based PPI calculations and falls under the broader class of Producer Price Indexes PPI, which encompasses various industries across different sectors.

The series is designated for public use without restrictions due to it being in the Public Domn - Citation Requested category, which means that attribution to the source is appreciated but not legally required. The information was last updated on September 12, 2024, at 7:54 AM Central Daylight Time CDT.

Users can access this data through FRED Federal Reserve Economic Data, where they have options to download it in various formats or view it within interactive charts for a visual understanding of its trs over time.

For specific inquiries about the data series, assistance with data analysis, or suggestions on related content, users are encouraged to visit the FRED Help section. The FRED website also offers resources including a newsletter subscription service and social media follow options for updates from the Federal Reserve Bank of St. Louis.

In summary, the Producer Price Index for Building Material and Supplies Dealers provides insights into price changes within this industry sector over time, with each value reflecting average selling prices adjusted to reflect inflationary trs since December 2003. This index serves as a valuable resource for economists, policymakers, and analysts interested in understanding economic developments related to building material industries.

To access the latest data or download historical series: https:fred.stlouisfed.orgseriesPCU44414441https:fred.stlouisfed.orgseriesPCU44414441
This article is reproduced from: https://fred.stlouisfed.org/series/PCU44414441

Please indicate when reprinting from: https://www.ao08.com/Building_material_prices/Building_Materials_Dealers_PPI_Overview_FRED.html