Producer Prices Index: Type of Goods: Consumer Goods: Domestic for Germany
PITGCG02DEM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.50
Year-over-Year Change
17.25%
Date Range
1/1/1995 - 12/1/2022
Summary
The Producer Prices Index: Type of Goods: Consumer Goods: Domestic for Germany measures changes in the selling prices received by domestic producers of consumer goods. This key indicator provides insight into inflationary pressures and producer-level activity.
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
This index tracks the wholesale prices of a representative basket of consumer goods produced and sold within Germany. It is a leading indicator of consumer price inflation and can signal changes in production costs, supply chain pressures, and overall economic conditions.
Methodology
The data is collected through surveys of German manufacturers and producers.
Historical Context
Policymakers and analysts use this index to assess the state of the German economy and make informed decisions.
Key Facts
- The base year for this index is 2015 = 100.
- It is published monthly by the German Federal Statistical Office.
- The index excludes imports and focuses solely on domestically produced consumer goods.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index: Type of Goods: Consumer Goods: Domestic for Germany measures the wholesale prices received by domestic producers of consumer goods within the country.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insight into inflationary pressures, production costs, and the overall health of the German economy for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of German manufacturers and producers.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor this index to assess inflationary risks and make informed decisions about monetary policy and economic interventions.
Q: Are there update delays or limitations?
A: The index is published monthly with a short lag, providing timely data on producer-level price changes in Germany.
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Citation
U.S. Federal Reserve, Producer Prices Index: Type of Goods: Consumer Goods: Domestic for Germany (PITGCG02DEM661N), retrieved from FRED.