The JOC-ECRI Industrial Price Index was developed by the Economic Cycle Research Institute (ECRI) and is a leading indicator of inflation based on a broad assortment of raw materials used in industrial production. The IPI growth rate compares the latest week's index with the IPI's average over the past year.
In the week ending March 8, the JOC-ECRI index dipped 0.5746 point below the previous week to 126.5826. While the index growth rate has remained positive for 14 weeks, it sequentially dropped 0.9380 percentage point in its third week of decelerating single-digit growth, to 7.1538 percent.
Data Included: 3/8/2013
* As of Jan 1, 2008, the index was reconstructured with 2006 base year, natural gas added and polyester dropped.