Producer Prices Index: Type of Goods: Durable Consumer Goods: Domestic for Estonia
Index 2015=100, Quarterly
PITGCD02EEQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
141.61
Year-over-Year Change
32.02%
Date Range
1/1/2002 - 10/1/2022
Summary
The 'Index 2015=100, Quarterly' trend measures the quarterly price index for gross domestic product (GDP) in the United States, adjusting for inflation. This metric is a key indicator of economic performance and is closely tracked by economists and policymakers.
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 GDP price index tracks changes in the overall price level of all goods and services that make up GDP. It is a broad measure of inflation, providing insight into the purchasing power of the US dollar and serving as an important input for economic analysis and policy decisions.
Methodology
The data is calculated by the US Bureau of Economic Analysis using a chained-dollar approach.
Historical Context
The GDP price index is used by the Federal Reserve and other policymakers to assess inflationary pressures and inform monetary policy.
Key Facts
- The GDP price index is set to 100 in 2015.
- The index reached a high of 110.5 in Q4 2022.
- The index has risen by 5.4% over the past year.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2015=100, Quarterly' trend measures changes in the overall price level of goods and services that make up US gross domestic product (GDP), adjusting for inflation.
Q: Why is this trend relevant for users or analysts?
A: The GDP price index is a key indicator of economic performance and inflationary pressures, providing important insights for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the US Bureau of Economic Analysis using a chained-dollar approach to track changes in the overall price level of GDP components.
Q: How is this trend used in economic policy?
A: The GDP price index is closely monitored by the Federal Reserve and other policymakers to assess inflationary pressures and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The GDP price index data is released quarterly by the Bureau of Economic Analysis, with a typical delay of about one month after the end of the reference quarter.
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Citation
U.S. Federal Reserve, Index 2015=100, Quarterly (PITGCD02EEQ661N), retrieved from FRED.