Producer Prices Index: Type of Goods: Consumer Goods: Total for United States
PITGCG01USM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
131.06
Year-over-Year Change
9.25%
Date Range
1/1/1960 - 12/1/2022
Summary
The Producer Prices Index: Type of Goods: Consumer Goods: Total for United States measures changes in the selling prices received by domestic producers for their output. This important economic indicator provides insights into inflationary pressures and the overall health of the U.S. economy.
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 average change in prices received by domestic producers for their output. The Consumer Goods PPI specifically measures price changes for goods purchased by consumers, offering a valuable gauge of producer-level inflationary trends.
Methodology
The U.S. Bureau of Labor Statistics collects and calculates the PPI data through surveys of producers across the country.
Historical Context
The Consumer Goods PPI is closely watched by economists, policymakers, and market analysts to assess overall price pressures and production-side inflation.
Key Facts
- The PPI is published monthly by the U.S. Bureau of Labor Statistics.
- Consumer goods account for over 30% of the total PPI.
- The Consumer Goods PPI is an important input for the Federal Reserve's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index: Type of Goods: Consumer Goods: Total for United States measures the average change in prices received by domestic producers for consumer goods.
Q: Why is this trend relevant for users or analysts?
A: The Consumer Goods PPI provides valuable insights into producer-level inflationary pressures and the overall health of the U.S. economy, making it a closely watched indicator by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects and calculates the PPI data through surveys of producers across the country.
Q: How is this trend used in economic policy?
A: The Consumer Goods PPI is an important input for the Federal Reserve's monetary policy decisions, as it provides a gauge of producer-level inflationary pressures that can influence consumer prices and the overall economy.
Q: Are there update delays or limitations?
A: The PPI data is published monthly by the U.S. Bureau of Labor Statistics, with a typical release lag of about two weeks after the end of the reference month.
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Citation
U.S. Federal Reserve, Producer Prices Index: Type of Goods: Consumer Goods: Total for United States (PITGCG01USM661N), retrieved from FRED.