Producer Prices Index: Type of Goods: Durable Consumer Goods: Domestic for Denmark
PITGCD02DKQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.70
Year-over-Year Change
17.86%
Date Range
1/1/1985 - 10/1/2022
Summary
The Producer Prices Index (PPI) for Durable Consumer Goods measures changes in the wholesale prices of durable consumer products produced in Denmark. This metric is a key indicator of inflationary pressures and production costs in the Danish economy.
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 Durable Consumer Goods tracks the wholesale prices received by domestic producers of long-lasting household items such as appliances, furniture, and electronics. This index is used by policymakers, analysts, and businesses to assess underlying production trends and cost drivers.
Methodology
The data is collected through surveys of Danish manufacturing firms and calculated by Statistics Denmark.
Historical Context
The PPI helps inform monetary and fiscal policy decisions aimed at promoting stable economic growth.
Key Facts
- The PPI for Durable Consumer Goods is published monthly by Statistics Denmark.
- This index uses 2015 as the base year for calculating price changes.
- Durable consumer goods account for around 15% of total manufacturing output in Denmark.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index (PPI) for Durable Consumer Goods measures changes in the wholesale prices of long-lasting household items produced domestically in Denmark.
Q: Why is this trend relevant for users or analysts?
A: The PPI for Durable Consumer Goods is a key indicator of inflationary pressures and production cost drivers in the Danish economy, which is useful for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of Danish manufacturing firms and calculated by Statistics Denmark.
Q: How is this trend used in economic policy?
A: The PPI for Durable Consumer Goods helps inform monetary and fiscal policy decisions aimed at promoting stable economic growth in Denmark.
Q: Are there update delays or limitations?
A: The PPI for Durable Consumer Goods is published monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Producer Prices Index: Type of Goods: Durable Consumer Goods: Domestic for Denmark (PITGCD02DKQ661N), retrieved from FRED.