Producer Prices Index: Economic Activities: Manufacturing: Total for Euro Area (19 Countries)
Growth rate previous period, Monthly
EA19PIEAMP01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.94
Year-over-Year Change
-453.92%
Date Range
2/1/2000 - 12/1/2022
Summary
This trend measures the month-over-month growth rate of the euro area's Personal Consumption Expenditures (PCE) Price Index, a key indicator of inflation and consumer spending.
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 PCE Price Index tracks changes in the prices of goods and services purchased by consumers in the euro area. This metric is closely watched by policymakers and analysts to gauge inflationary pressures and inform monetary policy decisions.
Methodology
The data is calculated by the European Central Bank based on a survey of consumer expenditures.
Historical Context
This inflation measure is a crucial input for the ECB's monetary policy framework.
Key Facts
- The PCE Price Index is the ECB's preferred inflation gauge.
- This metric grew by 8.1% year-over-year as of the latest reading.
- The ECB aims to maintain inflation near 2% over the medium term.
FAQs
Q: What does this economic trend measure?
A: This trend measures the month-over-month growth rate of the euro area's Personal Consumption Expenditures (PCE) Price Index, a key indicator of inflation.
Q: Why is this trend relevant for users or analysts?
A: The PCE Price Index is closely watched by policymakers and analysts to gauge inflationary pressures and inform monetary policy decisions in the euro area.
Q: How is this data collected or calculated?
A: The data is calculated by the European Central Bank based on a survey of consumer expenditures.
Q: How is this trend used in economic policy?
A: This inflation measure is a crucial input for the ECB's monetary policy framework, as the central bank aims to maintain price stability in the euro area.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (EA19PIEAMP01GPM), retrieved from FRED.