Econ Stats: All Price Index Indicators for World
08, Jul 2015, EDT.
Welcome to the beta version of Econ Stats, the Economic Statistics Database service provided by EconomyWatch.com.
Countries Included: All world countries, economic regions, geographical regions
Years Covered: From 1980 to 2013 forecasts
Indicators: Over 50 indicators from our database of 1,000 are currently display by Econ Stats
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook
Last Updated: 17th March 2015
These Price Index indicators, or Price Indices, have been compiled using IMF data from as far back as 1980, and with forecasts as far forward as 2014 (the exact time period varies by index). The price indices measure the average cost of either single items or baskets of goods on a global basis for the year in question.
These indicators help us to understand a number of different trends within the world economy.
When we look at these indicators overall, which represent the most commonly traded commodities, we can get a sense of the interplay between supply and demand, and their effects on inflation.
Indices are typically grouped into energy (crude oil, gas and coal), metals (including iron ore, copper, lead tin, nickel, zinc, lead and uranium), food and beverages (broken down into a wide range of categories including meat, lamb, pork, chicken, fish, shrimp, various cereals, a range of cooking oils, soybeans, bananas, coffee, tea and cocoa), various timbers and materials (including wool and cotton).
There are also composite indicators indicating overall price trends including the master Commodity Price Index, the Commodity Non-Fuel Index, the Coal Price Index, the Food Price Index, Industrial Inputs Price Index (metals and agricultural raw materials) and the Timber Price Index. Some economists and traders believe that the Copper Price Index is one of the best predictors of economic activity, because it is found in the innards of all modern buildings - its resists corrosion and conducts heat - and is in plentiful supply.
In upcoming upgrades to the service, we will be adding more extensive economic data from the World Bank, the CIA World Factbook and elsewhere - please sign up for email alerts (on the home page) or follow @EconomyWatch on Twitter if you would like to be notified on updates. Scroll down for a full listing of all 2014 economic Indicators.