Producer Prices Index: Stage of Processing: Finished Goods: Domestic for Australia
AUSPISPFG02GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.27
Year-over-Year Change
-59.37%
Date Range
10/1/1998 - 10/1/2019
Summary
The Producer Prices Index: Stage of Processing: Finished Goods: Domestic for Australia measures price changes for domestic-focused finished goods at the producer level. This key indicator provides insights into inflationary pressures and manufacturing sector health.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Producer Prices Index tracks changes in the selling prices received by domestic producers for their output. The 'Finished Goods' segment specifically focuses on price movements for consumer-ready products, making it an important gauge of pipeline inflation in the Australian economy.
Methodology
The data is collected through surveys of Australian producers and manufacturers.
Historical Context
Policymakers and analysts monitor this index to assess production-side inflationary dynamics and their potential impact on consumer prices.
Key Facts
- The index has a base year of 2018 = 100.
- Finished goods represent the final stage of production before reaching consumers.
- Australia is a major producer and exporter of raw materials and manufactured goods.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index: Finished Goods: Domestic for Australia tracks changes in the selling prices received by domestic producers for their final output, providing insights into pipeline inflation.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures and manufacturing sector health, making it relevant for policymakers, economists, and investors monitoring the Australian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Australian producers and manufacturers.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this index to assess production-side inflationary dynamics and their potential impact on consumer prices, informing monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of several weeks.
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Citation
U.S. Federal Reserve, Producer Prices Index: Stage of Processing: Finished Goods: Domestic for Australia (AUSPISPFG02GPQ), retrieved from FRED.