Producer Prices Index: Type of goods: Consumer goods: Total for the European Union
EU28PITGCG01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.10
Year-over-Year Change
-199.12%
Date Range
2/1/2000 - 6/1/2020
Summary
The Producer Prices Index (PPI) for Consumer Goods in the European Union measures price changes at the producer level, providing insight into inflationary pressures and manufacturing activity.
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 EU28 PPI for Consumer Goods tracks the wholesale prices charged by producers of final consumer products across the European Union. This indicator is widely used by economists and policymakers to assess production costs, predict consumer price trends, and evaluate the health of the manufacturing sector.
Methodology
The data is collected through surveys of businesses and calculated as a weighted index based on producer price changes.
Historical Context
The PPI is a key input for the European Central Bank's monetary policy decisions and can influence consumer spending, investment, and overall economic performance.
Key Facts
- The PPI for Consumer Goods in the EU has risen by 10% over the past 5 years.
- Producer prices tend to increase before consumer prices, signaling upcoming inflationary pressures.
- The PPI is a leading indicator of economic performance and business cycle fluctuations.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index for Consumer Goods in the European Union measures the wholesale prices charged by producers of final consumer products.
Q: Why is this trend relevant for users or analysts?
A: The PPI for Consumer Goods is a key indicator of inflationary pressures, manufacturing activity, and overall economic conditions in the EU.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and calculated as a weighted index based on producer price changes.
Q: How is this trend used in economic policy?
A: The PPI is a critical input for the European Central Bank's monetary policy decisions and can influence consumer spending, investment, and overall economic performance.
Q: Are there update delays or limitations?
A: The PPI data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Producer Prices Index: Type of goods: Consumer goods: Total for the European Union (EU28PITGCG01GPM), retrieved from FRED.