Producer Prices Index: Type of Goods: Consumer Goods: Total for Slovak Republic
Index 2015=100, Annual
PITGCG01SKA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.71
Year-over-Year Change
6.17%
Date Range
1/1/2003 - 1/1/2022
Summary
The Producer Price Index for Goods measures changes in the selling prices received by domestic producers for their output. It is a key economic indicator that provides insights into inflationary pressures and the overall health of the manufacturing sector.
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 for Goods tracks the average change over time in the selling prices received by domestic producers for their outputs. It is a widely followed metric that helps economists and policymakers assess inflationary trends and the state of the broader economy.
Methodology
The data is collected through surveys of domestic producers and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
The PPI for Goods is used by the Federal Reserve and other policymakers to inform monetary policy decisions.
Key Facts
- The PPI for Goods has a base year of 2015.
- The index tracks prices at the producer level, before reaching consumers.
- Trends in the PPI can signal changes in consumer inflation.
FAQs
Q: What does this economic trend measure?
A: The Producer Price Index for Goods measures changes in the selling prices received by domestic producers for their output, providing insights into inflationary pressures and the manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: The PPI for Goods is a key economic indicator used by policymakers, economists, and market analysts to assess inflationary trends and the overall health of the manufacturing industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of domestic producers and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The PPI for Goods is used by the Federal Reserve and other policymakers to inform monetary policy decisions and monitor inflationary pressures in the economy.
Q: Are there update delays or limitations?
A: The PPI for Goods data is released monthly by the Bureau of Labor Statistics, with a short lag between the reference period and publication.
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Citation
U.S. Federal Reserve, Index 2015=100, Annual (PITGCG01SKA661N), retrieved from FRED.