Producer Prices Index: Type of goods: Intermediate goods: Total for the European Union
EU28PITGIG01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
2/1/2000 - 6/1/2020
Summary
The Producer Prices Index for Intermediate Goods in the European Union measures changes in the prices of goods used as inputs in the production of other goods. 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 Intermediate Goods tracks the prices received by domestic producers for their output. The Intermediate Goods subset focuses on goods used as inputs to produce final consumer products, providing insights into supply chain dynamics and production costs.
Methodology
The PPI is calculated by the Eurostat agency based on a survey of businesses across the EU.
Historical Context
Policymakers and analysts use the Intermediate Goods PPI to monitor inflation and assess the state of the broader economy.
Key Facts
- The Intermediate Goods PPI represents around 30% of the total EU PPI.
- Prices for Intermediate Goods tend to be more volatile than final consumer prices.
- The Intermediate Goods PPI is released monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: The Intermediate Goods Producer Prices Index measures changes in the prices of goods used as inputs in the production of other goods across the European Union.
Q: Why is this trend relevant for users or analysts?
A: The Intermediate Goods PPI provides insights into inflationary pressures and supply chain dynamics, making it a key indicator for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The PPI is calculated by Eurostat based on a monthly survey of businesses across the European Union.
Q: How is this trend used in economic policy?
A: Central banks and governments use the Intermediate Goods PPI to monitor inflation and assess the overall state of the economy, informing policy decisions.
Q: Are there update delays or limitations?
A: The Intermediate Goods PPI is released monthly by Eurostat with a relatively short lag, providing timely data to users.
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Citation
U.S. Federal Reserve, Producer Prices Index: Type of goods: Intermediate goods: Total for the European Union (EU28PITGIG01GPM), retrieved from FRED.