Producer Prices Index: Type of Goods: Consumer Goods: Domestic for Euro Area (19 Countries)
Index 2015=100, Annual
PITGCG02EZA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.51
Year-over-Year Change
27.92%
Date Range
1/1/1995 - 1/1/2022
Summary
The Producer Price Index (PPI) for Crude Goods measures changes in the prices received by domestic producers for their output. It is a key indicator of inflationary pressures in the 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 PPI for Crude Goods is a monthly economic indicator published by the U.S. Bureau of Labor Statistics. It tracks price movements for commodities and raw materials at the producer level, providing insights into cost pressures that may affect consumer prices downstream.
Methodology
The data is collected through surveys of domestic producers and calculated using a Laspeyres formula.
Historical Context
The PPI for Crude Goods is closely monitored by policymakers, analysts, and businesses to gauge inflationary trends and inform economic decision-making.
Key Facts
- The PPI for Crude Goods has a base year of 2015=100.
- It is published monthly by the U.S. Bureau of Labor Statistics.
- The index tracks price changes for unprocessed commodities and raw materials.
FAQs
Q: What does this economic trend measure?
A: The Producer Price Index for Crude Goods measures changes in the prices received by domestic producers for their output of unprocessed commodities and raw materials.
Q: Why is this trend relevant for users or analysts?
A: The PPI for Crude Goods is a key indicator of inflationary pressures in the economy, as it provides insights into cost pressures that may eventually be passed on to consumers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of domestic producers and calculated using a Laspeyres formula.
Q: How is this trend used in economic policy?
A: The PPI for Crude Goods is closely monitored by policymakers, analysts, and businesses to gauge inflationary trends and inform economic decision-making.
Q: Are there update delays or limitations?
A: The PPI for Crude Goods is published monthly by the U.S. Bureau of Labor Statistics, with limited update delays.
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Citation
U.S. Federal Reserve, Producer Price Index for Crude Goods (PITGCG02EZA661N), retrieved from FRED.