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Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.
View ICR - OIRA Conclusion
OMB Control No:
1220-0008
ICR Reference No:
202007-1220-001
Status:
Historical Active
Previous ICR Reference No:
201705-1220-001
Agency/Subagency:
DOL/BLS
Agency Tracking No:
Title:
Producer Price Index Survey
Type of Information Collection:
Extension without change of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Approved with change
Conclusion Date:
06/01/2021
Retrieve Notice of Action (NOA)
Date Received in OIRA:
09/23/2020
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
06/30/2024
36 Months From Approved
05/31/2021
Responses
739,645
0
1,127,836
Time Burden (Hours)
69,945
0
105,172
Cost Burden (Dollars)
0
0
0
Abstract:
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.
Authorizing Statute(s):
US Code:
29 USC 2
Name of Law: Title 29, Section 2
Citations for New Statutory Requirements:
None
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
Not associated with rulemaking
Federal Register Notices & Comments
60-day Notice:
Federal Register Citation:
Citation Date:
85 FR 34656
06/05/2020
30-day Notice:
Federal Register Citation:
Citation Date:
85 FR 59826
09/23/2020
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
2
IC Title
Form No.
Form Name
Producer Price Index - Repricing - Private Sector
IDCF
Web Repricing
Producer Price Index Survey - Initiation Private Sector
BLS 1810B, BLS 1810C, BLS 1810E, BLS 1810A, 1810A1, BLS 1810C1
PPI Facesheet
,
Item Information Continuation Sheet
,
Cluster Form
,
Disaggregation Worksheet
,
PPI Industry Specific Dissaggregation Worksheet
,
PPI Product Checklist
ICR Summary of Burden
Total Approved
Previously Approved
Change Due to New Statute
Change Due to Agency Discretion
Change Due to Adjustment in Estimate
Change Due to Potential Violation of the PRA
Annual Number of Responses
739,645
1,127,836
0
0
-388,191
0
Annual Time Burden (Hours)
69,945
105,172
0
0
-35,227
0
Annual Cost Burden (Dollars)
0
0
0
0
0
0
Burden increases because of Program Change due to Agency Discretion:
No
Burden Increase Due to:
Burden decreases because of Program Change due to Agency Discretion:
No
Burden Reduction Due to:
Short Statement:
A decrease in total number of respondents from 26,436 to 15,954 resulted in a decrease of total burden hours. The decline in the total number of PPI respondents is due to a combination of factors, including budgetary directives resulting in a reduction in both field resources and initiation sample sizes, a downturn in respondent cooperation during initiation, and an increasing rate of attrition for repricing respondents. Additionally, the PPI program is using an improved approach to determine the number of respondents providing data monthly.
Annual Cost to Federal Government:
$47,000,000
Does this IC contain surveys, censuses, or employ statistical methods?
Yes
Part B of Supporting Statement
Does this ICR request any personally identifiable information (see
OMB Circular No. A-130
for an explanation of this term)? Please consult with your agency's privacy program when making this determination.
No
Does this ICR include a form that requires a Privacy Act Statement (see
5 U.S.C. §552a(e)(3)
)? Please consult with your agency's privacy program when making this determination.
No
Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]?
No
Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]?
No
Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)?
No
Is this ICR related to the Pandemic Response?
No
Agency Contact:
Jeffrey Hill 2026917156 hill.jeffrey@bls.gov
Common Form ICR:
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:
(a) It is necessary for the proper performance of agency functions;
(b) It avoids unnecessary duplication;
(c) It reduces burden on small entities;
(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;
(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;
(f) It indicates the retention periods for recordkeeping requirements;
(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:
(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;
(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.
(i) It uses effective and efficient statistical survey methodology (if applicable); and
(j) It makes appropriate use of information technology.
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.
Certification Date:
09/23/2020
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