Producer Prices Index: Type of Goods: Intermediate Goods: Domestic for Denmark
PITGIG02DKM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128.80
Year-over-Year Change
12.29%
Date Range
1/1/1985 - 12/1/2022
Summary
The Producer Prices Index: Type of Goods: Intermediate Goods: Domestic for Denmark measures changes in prices received by domestic producers of intermediate goods in Denmark. This metric provides insight into inflationary pressures and supply chain dynamics.
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 tracks changes in the selling prices of products sold by manufacturers, miners, and others at the producer or wholesale level. The Intermediate Goods segment specifically measures price trends for goods used as inputs by other producers.
Methodology
The data is collected through surveys of domestic producers and calculated by the Federal Reserve.
Historical Context
This index is a key indicator used by central banks, economists, and policymakers to assess underlying inflation and make informed decisions.
Key Facts
- The index has a base year of 2012.
- Intermediate goods are products used as inputs for final consumer goods.
- Price trends in this index can signal changes in production costs and consumer inflation.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index: Type of Goods: Intermediate Goods: Domestic for Denmark measures changes in the selling prices received by domestic producers of intermediate goods in Denmark.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into inflationary pressures and supply chain dynamics, which are crucial for central banks, economists, and policymakers in assessing the state of the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of domestic producers and calculated by the Federal Reserve.
Q: How is this trend used in economic policy?
A: The Producer Prices Index for Intermediate Goods is a key indicator used by central banks, economists, and policymakers to assess underlying inflation and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Producer Prices Index: Type of Goods: Intermediate Goods: Domestic for Denmark (PITGIG02DKM661N), retrieved from FRED.