The Producer Price Index, one of the
Nation's leading economic indicators, is used as a measure of price
movements, as an indicator of inflationary trends, for inventory
valuation, and as a measure of purchasing power of the dollar at
the primary market level. It also is used for market and economic
research and as a basis for escalation in long-term contracts and
purchase agreements. The purpose of the PPI collection is to
accumulate data for the ongoing monthly publication of the PPI
family of indexes.
US Code:
29 USC
2 Name of Law: Title 29, Section 2
David Friedman 202 691-6307
Friedman.David@bls.gov
No
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.