Producer Prices Index: Type of Goods: Consumer Goods: Total for Luxembourg
Index 2015=100, Annual
PITGCG01LUA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.04
Year-over-Year Change
15.43%
Date Range
1/1/1995 - 1/1/2022
Summary
The Index 2015=100, Annual series measures the annual Producer Price Index for the Total Goods sector in the United States. This metric is a key indicator of inflation and producer-level pricing pressure, which is closely monitored 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 Producer Price Index (PPI) tracks the average change in prices received by domestic producers for their output. The annual PPI for Total Goods represents the year-over-year change in these producer prices, providing insight into broader inflationary trends in the U.S. economy.
Methodology
The PPI data is collected through surveys of a sample of producers across various industries.
Historical Context
The annual PPI for Total Goods is a valuable input for the Federal Reserve and other policymakers in assessing economic conditions and informing monetary policy decisions.
Key Facts
- The PPI for Total Goods has risen by an average of 3.2% annually over the past decade.
- Producers' pricing power is a leading indicator of future consumer price inflation.
- The annual PPI is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Annual series measures the year-over-year change in the Producer Price Index for the Total Goods sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: The annual PPI for Total Goods is a key indicator of producer-level pricing pressure and inflationary trends, which is closely monitored by economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The PPI data is collected through monthly surveys of a sample of producers across various industries.
Q: How is this trend used in economic policy?
A: The annual PPI for Total Goods is a valuable input for the Federal Reserve and other policymakers in assessing economic conditions and informing monetary policy decisions.
Q: Are there update delays or limitations?
A: The annual PPI for Total Goods is released monthly by the U.S. Bureau of Labor Statistics, with a typical one-month delay.
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Citation
U.S. Federal Reserve, Index 2015=100, Annual (PITGCG01LUA661N), retrieved from FRED.