Producer Prices Index: Type of goods: Consumer goods: Domestic for the European Union
EU28PITGCG02GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.38
Year-over-Year Change
-154.91%
Date Range
4/1/2000 - 4/1/2020
Summary
The Producer Prices Index (PPI) for Consumer Goods tracks changes in the prices of domestically-produced consumer goods in the European Union. This metric is a key indicator of inflationary pressures and economic conditions.
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) for Consumer Goods measures the average change in prices received by producers of consumer goods within the European Union. This data is widely used by economists and policymakers to assess the state of the economy and potential inflationary trends.
Methodology
The PPI is calculated based on a survey of businesses across the EU.
Historical Context
The PPI for Consumer Goods is a crucial data point for the European Central Bank and other institutions monitoring the health of the EU economy.
Key Facts
- The PPI for Consumer Goods is a monthly economic indicator.
- The index is calculated with a base year of 2015 = 100.
- Domestic consumer goods account for a significant portion of the EU economy.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index (PPI) for Consumer Goods tracks changes in the prices of domestically-produced consumer goods in the European Union.
Q: Why is this trend relevant for users or analysts?
A: The PPI for Consumer Goods is a key indicator of inflationary pressures and the overall health of the EU economy, providing insights for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The PPI is calculated based on a survey of businesses across the European Union.
Q: How is this trend used in economic policy?
A: The PPI for Consumer Goods is a crucial data point for the European Central Bank and other institutions monitoring the EU economy, as it helps inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The PPI for Consumer Goods is published monthly, with a brief delay for data collection and processing.
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Citation
U.S. Federal Reserve, Producer Prices Index: Type of goods: Consumer goods: Domestic for the European Union (EU28PITGCG02GPQ), retrieved from FRED.