The Producer Price Index (PPI), 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
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.