Producer Prices Index: Type of goods: Intermediate goods: Domestic for the European Union
EU28PITGIG02GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.10
Year-over-Year Change
-151.36%
Date Range
2/1/1995 - 6/1/2020
Summary
The Producer Prices Index (PPI) for Intermediate Goods measures the wholesale prices of goods used as inputs in the production of other goods. This index is a key indicator of inflationary pressures in the European manufacturing sector.
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 PPI for Intermediate Goods tracks the selling prices received by domestic producers for their output. It is an important leading indicator that provides insight into the pipeline of future consumer price inflation, as changes in producer prices often precede changes in retail prices.
Methodology
The data is collected through monthly surveys of industrial producers in the European Union.
Historical Context
The PPI is widely used by policymakers, economists, and market analysts to assess economic conditions and inform policy decisions.
Key Facts
- The PPI for Intermediate Goods is a leading indicator of consumer price inflation.
- Changes in producer prices often precede changes in retail prices.
- The index is based on monthly surveys of industrial producers in the European Union.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index for Intermediate Goods measures the wholesale prices of goods used as inputs in the production of other goods in the European Union.
Q: Why is this trend relevant for users or analysts?
A: The PPI for Intermediate Goods is a key indicator of inflationary pressures in the European manufacturing sector and provides insight into the pipeline of future consumer price inflation.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of industrial producers in the European Union.
Q: How is this trend used in economic policy?
A: The PPI is widely used by policymakers, economists, and market analysts to assess economic conditions and inform policy decisions.
Q: Are there update delays or limitations?
A: The PPI data is subject to the typical update schedule and limitations of official government statistical releases.
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Citation
U.S. Federal Reserve, Producer Prices Index: Type of goods: Intermediate goods: Domestic for the European Union (EU28PITGIG02GPM), retrieved from FRED.