Producer Prices Index: Type of goods: Durable consumer goods: Total for the European Union
EU28PITGCD01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.01
Year-over-Year Change
133.88%
Date Range
1/1/2001 - 4/1/2020
Summary
The Producer Prices Index for Durable Consumer Goods in the European Union measures changes in the prices received by producers for durable consumer products. This metric provides insights into inflationary pressures and producer sentiment within the EU economy.
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 (PPI) tracks the change in prices charged by domestic producers for their output. The PPI for Durable Consumer Goods specifically focuses on the price movements of long-lasting manufactured products intended for household use, offering a window into supply-side inflationary dynamics.
Methodology
The European Union calculates this PPI series based on a monthly survey of producer price data.
Historical Context
Policymakers and analysts monitor the EU PPI for Durable Consumer Goods to gauge production-side inflation and its potential impacts on consumer prices and economic growth.
Key Facts
- The PPI for Durable Consumer Goods reflects prices at the producer level, before reaching consumers.
- This index is a leading indicator of consumer price inflation for durable products.
- Monitoring the PPI can help policymakers anticipate changes in consumer demand and prices.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index for Durable Consumer Goods in the European Union measures changes in the prices producers receive for long-lasting manufactured products intended for household use.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into supply-side inflationary pressures and producer sentiment within the EU economy, which can inform policy decisions and market analysis.
Q: How is this data collected or calculated?
A: The European Union calculates this PPI series based on a monthly survey of producer price data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor the EU PPI for Durable Consumer Goods to gauge production-side inflation and its potential impacts on consumer prices and economic growth.
Q: Are there update delays or limitations?
A: The PPI data is published monthly, with a typical lag of several weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Producer Prices Index: Type of goods: Durable consumer goods: Total for the European Union (EU28PITGCD01GYQ), retrieved from FRED.