Producer Prices Index: Type of Goods: Consumer Goods: Domestic for Portugal
Index 2015=100, Quarterly
PITGCG02PTQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129.57
Year-over-Year Change
25.39%
Date Range
1/1/1995 - 10/1/2022
Summary
The Gross Domestic Product (GDP) price index, 2015=100, measures changes in the overall price level of goods and services produced in the United States. It is a key indicator of inflation and a critical input for economic 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 GDP price index, 2015=100, is a comprehensive measure of the prices of all final goods and services in the economy. It is used to adjust GDP for the effects of inflation, providing a more accurate picture of real economic growth.
Methodology
The index is calculated by the U.S. Bureau of Economic Analysis based on prices collected across a wide range of economic sectors.
Historical Context
The GDP price index is closely monitored by the Federal Reserve and other policymakers to guide monetary policy decisions and assess the health of the economy.
Key Facts
- The GDP price index has a base year of 2015 = 100.
- It is published on a quarterly basis by the U.S. Bureau of Economic Analysis.
- The index is a vital input for calculating real GDP growth.
FAQs
Q: What does this economic trend measure?
A: The GDP price index, 2015=100, measures changes in the overall price level of goods and services produced in the United States. It is a comprehensive measure of inflation in the economy.
Q: Why is this trend relevant for users or analysts?
A: The GDP price index is a critical indicator for economists, policymakers, and market analysts, as it provides insight into inflationary pressures and allows for the calculation of real economic growth.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Economic Analysis based on prices collected across a wide range of economic sectors.
Q: How is this trend used in economic policy?
A: The GDP price index is closely monitored by the Federal Reserve and other policymakers to guide monetary policy decisions and assess the health of the economy.
Q: Are there update delays or limitations?
A: The GDP price index is published on a quarterly basis with a relatively short delay, making it a timely indicator of inflationary trends.
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Citation
U.S. Federal Reserve, Index 2015=100, Quarterly (PITGCG02PTQ661N), retrieved from FRED.