Producer Prices Index: Total Consumer Goods for Ireland
Monthly
PITGCG01IEM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94.10
Year-over-Year Change
-6.37%
Date Range
1/1/1995 - 1/1/2018
Summary
The Producer Price Index (PPI) for Intermediate Goods measures changes in the wholesale prices of intermediate goods and materials used by businesses. This metric provides insight into inflationary pressures and supply chain dynamics.
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 Intermediate Goods is a key economic indicator that tracks the wholesale prices of goods and materials that are used as inputs by other industries. It reflects cost changes experienced by producers, which can signal future consumer price movements.
Methodology
The U.S. Bureau of Labor Statistics collects this data through surveys of domestic producers.
Historical Context
The PPI Intermediate Goods index is closely monitored by policymakers and analysts to assess the state of the economy and potential inflation risks.
Key Facts
- The PPI Intermediate Goods index uses 2012 as its base year.
- Prices are measured at the wholesale level before goods reach consumers.
- This metric helps forecast future consumer price movements.
FAQs
Q: What does this economic trend measure?
A: The PPI for Intermediate Goods measures changes in the wholesale prices of goods and materials used as inputs by businesses and industries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into inflationary pressures and supply chain dynamics, which are crucial for economic policymaking and business decision-making.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects this data through monthly surveys of domestic producers.
Q: How is this trend used in economic policy?
A: The PPI Intermediate Goods index is closely monitored by policymakers and analysts to assess the state of the economy and potential inflation risks.
Q: Are there update delays or limitations?
A: The PPI Intermediate Goods data is published monthly with a typical release lag of around two weeks.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Ireland
CPHPTT01IEM659N
Production, Sales, Work Started and Orders: Passenger Car Registrations: Economic Activity: Wholesale and Retail Trade and Repair of Motor Vehicles and Motorcycles for Ireland
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Sales: Retail Trade: Total Retail Trade: Volume for Ireland
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Bank's Overhead Costs to Total Assets for Ireland
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Liquid Liabilities (Broad Money) for Ireland
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Nominal Exports of Services for Ireland
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Citation
U.S. Federal Reserve, Producer Price Index for Intermediate Goods (PITGCG01IEM661N), retrieved from FRED.