Producer Prices Index: Domestic Consumer Goods for the European Union
PITGCG02EUQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105.23
Year-over-Year Change
2.97%
Date Range
1/1/2000 - 4/1/2020
Summary
The Producer Prices Index for Domestic Consumer Goods in the European Union measures wholesale price inflation for consumer goods sold within the EU. It provides insight into inflationary pressures for businesses 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 Prices Index for Domestic Consumer Goods tracks the average change in prices received by producers for goods sold domestically to consumers in the European Union. It serves as an important indicator of cost pressures and pricing power in the consumer goods sector.
Methodology
The data is collected through monthly surveys of a representative sample of producers across the EU.
Historical Context
This index is closely monitored by the European Central Bank and other policymakers to inform decisions on monetary policy and macroeconomic management.
Key Facts
- The index base year is 2015 = 100.
- Prices are measured at the factory gate before retail markup.
- The index excludes imports and focuses on domestic production.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index for Domestic Consumer Goods in the European Union measures wholesale price inflation for consumer goods sold within the EU.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into cost pressures and pricing power in the consumer goods sector, which is crucial information for businesses, policymakers, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of a representative sample of producers across the EU.
Q: How is this trend used in economic policy?
A: This index is closely monitored by the European Central Bank and other policymakers to inform decisions on monetary policy and macroeconomic management.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of several weeks.
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Citation
U.S. Federal Reserve, Producer Prices Index: Domestic Consumer Goods for the European Union (PITGCG02EUQ661N), retrieved from FRED.