Producer Prices Index: Type of Goods: Consumer Goods: Total for Luxembourg
Index 2015=100, Monthly
PITGCG01LUM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.80
Year-over-Year Change
12.77%
Date Range
1/1/1995 - 12/1/2022
Summary
The Producer Price Index (PPI) for Finished Goods measures changes in the average selling prices received by domestic producers for their output. This key economic indicator provides insight into inflationary pressures and producer-level price 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 Finished Goods tracks price movements of commodities, including consumer goods, capital equipment, and intermediate materials. It is a leading indicator used by policymakers, economists, and businesses to anticipate changes in consumer prices and production costs.
Methodology
The U.S. Bureau of Labor Statistics collects price data from a sample of producers and calculates the PPI using a Laspeyres formula.
Historical Context
The PPI is closely monitored by the Federal Reserve and other institutions to assess the state of the economy and inform monetary policy decisions.
Key Facts
- The PPI for Finished Goods uses 2015 as the base year with an index value of 100.
- The PPI is released monthly by the U.S. Bureau of Labor Statistics.
- The PPI is a leading indicator of consumer price inflation.
FAQs
Q: What does this economic trend measure?
A: The Producer Price Index for Finished Goods measures the average change over time in the selling prices received by domestic producers for their output.
Q: Why is this trend relevant for users or analysts?
A: The PPI is a key indicator of inflationary pressures at the producer level, which can signal future changes in consumer prices and production costs.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects price data from a sample of producers and calculates the PPI using a Laspeyres formula.
Q: How is this trend used in economic policy?
A: The PPI is closely monitored by the Federal Reserve and other institutions to assess the state of the economy and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The PPI is released monthly by the U.S. Bureau of Labor Statistics with a typical one-month lag in data availability.
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Citation
U.S. Federal Reserve, Producer Price Index for Finished Goods (PITGCG01LUM661N), retrieved from FRED.