Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Total for Luxembourg
LUXPIEAMI01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.15
Year-over-Year Change
81.82%
Date Range
2/1/1995 - 12/1/2022
Summary
The Producer Prices Index for Mining and Quarrying Activities in Luxembourg measures changes in the prices received by domestic producers for their output. This metric provides insights into cost pressures and inflationary trends within the Luxembourg mining and quarrying 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 Producer Prices Index (PPI) tracks the average change over time in the selling prices received by domestic producers for their output. The Mining and Quarrying Activities PPI specifically focuses on this industry segment, offering a specialized gauge of price dynamics in this part of the Luxembourg economy.
Methodology
Data is collected through surveys of producers and calculated as a weighted average of price changes.
Historical Context
The PPI is a key economic indicator used by policymakers and analysts to assess inflationary pressures and their potential impacts.
Key Facts
- PPI data is released monthly by the Luxembourg government.
- Mining and quarrying account for around 0.5% of Luxembourg's GDP.
- The PPI is considered a leading indicator of future consumer price inflation.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index for Mining and Quarrying Activities in Luxembourg measures changes in the selling prices received by domestic producers in this industry segment.
Q: Why is this trend relevant for users or analysts?
A: The PPI is a key gauge of inflationary pressures, providing insights into cost dynamics that can impact broader economic conditions and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through surveys of producers and calculated as a weighted average of price changes.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the PPI to assess inflationary trends and their potential impacts on the overall economy.
Q: Are there update delays or limitations?
A: The PPI data is released monthly by the Luxembourg government with minimal delay.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Luxembourg
LUXCP010000IXOBQ
Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Domestic for Luxembourg
LUXPIEAMI02GPQ
Bank Credit to Bank Deposits for Luxembourg
DDSI04LUA156NWDB
Harmonized Index of Consumer Prices: Processed Food Including Alcohol and Tobacco for Luxembourg
FOODPRLUM086NEST
Harmonized Index of Consumer Prices: Combined Passenger Transport for Luxembourg
CP0735LUM086NEST
Consumer Price Index: Harmonized Prices: Communication (COICOP 08): Total for Luxembourg
LUXCPHP0800GPM
Citation
U.S. Federal Reserve, Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Total for Luxembourg (LUXPIEAMI01GPM), retrieved from FRED.