Producer Prices Index: Type of goods: Consumer goods: Total for Ireland
IRLPITGCG01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.26
Year-over-Year Change
-520.57%
Date Range
2/1/1995 - 1/1/2018
Summary
The Producer Prices Index (PPI) measures changes in the prices received by domestic producers of goods and services over time. The Total for Ireland consumer goods PPI is a key indicator of inflationary pressures at the producer level.
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 tracks price movements across a wide range of goods and services produced in Ireland. The consumer goods PPI specifically measures changes in prices received by producers of consumer-oriented products. This data helps economists and policymakers understand broader domestic and international supply chain dynamics.
Methodology
The Central Statistics Office of Ireland collects and calculates the PPI data based on a representative sample of producer prices.
Historical Context
The PPI is monitored by the European Central Bank and other institutions to inform monetary policy decisions.
Key Facts
- The PPI measures price changes at the producer level, before goods reach consumers.
- The consumer goods PPI focuses on products intended for household use and purchase.
- PPI data is a leading indicator of future consumer price inflation.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index (PPI) for consumer goods in Ireland tracks changes in the prices received by domestic producers of consumer-oriented products over time.
Q: Why is this trend relevant for users or analysts?
A: The consumer goods PPI is an important leading indicator of future inflationary pressures, providing insights into supply chain dynamics and pricing power at the producer level.
Q: How is this data collected or calculated?
A: The Central Statistics Office of Ireland collects price data from a representative sample of producers and calculates the PPI.
Q: How is this trend used in economic policy?
A: The consumer goods PPI is monitored by the European Central Bank and other institutions to inform monetary policy decisions aimed at maintaining price stability.
Q: Are there update delays or limitations?
A: There may be lags in the release of PPI data, and the index may not capture all producer price changes due to the limited sample size.
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Citation
U.S. Federal Reserve, Producer Prices Index: Type of goods: Consumer goods: Total for Ireland (IRLPITGCG01GPM), retrieved from FRED.