Producer Prices Index: Type of Goods: Consumer Goods: Total for Czech Republic
PITGCG01CZA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.38
Year-over-Year Change
8.56%
Date Range
1/1/2000 - 1/1/2021
Summary
The Producer Prices Index: Type of Goods: Consumer Goods: Total for Czech Republic measures price changes at the producer level for consumer goods produced in the Czech Republic. This metric is a key indicator of inflationary pressures and economic conditions.
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 wholesale prices that producers charge for their goods. The Consumer Goods PPI focuses specifically on products intended for household consumption. Economists and policymakers use this data to gauge overall price trends and make informed decisions.
Methodology
The data is collected through monthly surveys of producers and manufacturers in the Czech Republic.
Historical Context
The Consumer Goods PPI is a leading economic indicator used to predict future consumer price inflation and guide monetary policy.
Key Facts
- The PPI for Consumer Goods in the Czech Republic has increased by 25% over the past 5 years.
- Producer prices tend to rise before consumer prices, making the PPI a leading indicator of inflation.
- The Consumer Goods PPI is a component of the broader Producer Price Index for the Czech Republic.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index: Type of Goods: Consumer Goods: Total for Czech Republic measures the wholesale prices that producers in the Czech Republic charge for consumer goods.
Q: Why is this trend relevant for users or analysts?
A: The Consumer Goods PPI is a key indicator of inflationary pressures and an important input for policymakers and economists analyzing the Czech economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of producers and manufacturers in the Czech Republic.
Q: How is this trend used in economic policy?
A: The Consumer Goods PPI is used by central banks and other institutions to predict future consumer price inflation and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The Producer Prices Index data is published monthly with a typical lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Producer Prices Index: Type of Goods: Consumer Goods: Total for Czech Republic (PITGCG01CZA661N), retrieved from FRED.