Producer Prices Index: Total Durable Consumer Goods for Ireland
PITGCD01IEQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.37
Year-over-Year Change
2.39%
Date Range
1/1/1995 - 10/1/2017
Summary
The Producer Prices Index: Total Durable Consumer Goods for Ireland measures the average change in prices received by domestic producers for durable consumer goods sold on the Irish market. This metric is a key indicator of inflationary pressures and industrial activity.
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 selling prices received by domestic producers for their output. The Total Durable Consumer Goods segment focuses specifically on durable goods intended for personal or household consumption, which are an important component of overall economic activity.
Methodology
Data is collected through surveys of Irish manufacturing firms and compiled by Eurostat.
Historical Context
PPI trends are closely monitored by policymakers and analysts to assess cost-push inflation and the state of the Irish industrial sector.
Key Facts
- Ireland's PPI for durable consumer goods has risen over 20% since 2015.
- Durable goods account for around 25% of total consumer spending in Ireland.
- 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 Total Durable Consumer Goods in Ireland measures the average change in prices received by domestic producers for durable goods intended for personal or household consumption.
Q: Why is this trend relevant for users or analysts?
A: This PPI metric is a key indicator of inflationary pressures, industrial activity, and manufacturing sector performance in the Irish economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Irish manufacturing firms and compiled by Eurostat.
Q: How is this trend used in economic policy?
A: PPI trends are closely monitored by policymakers and analysts to assess cost-push inflation and the state of the Irish industrial sector.
Q: Are there update delays or limitations?
A: The PPI data is published monthly with a typical lag of 2-3 weeks.
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LRHUTTMAIEQ156N
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Citation
U.S. Federal Reserve, Producer Prices Index: Total Durable Consumer Goods for Ireland (PITGCD01IEQ661N), retrieved from FRED.