Producer Prices Index: Type of Goods: Intermediate Goods: Domestic for Estonia
Index 2015=100, Monthly
PITGIG02EEM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
143.73
Year-over-Year Change
13.96%
Date Range
1/1/2002 - 12/1/2022
Summary
The Producer Price Index for Total Manufacturing: Finished Goods Monthly tracks changes in the average selling prices received by domestic producers for their output. It is a key indicator of inflationary pressures at the wholesale level.
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 Price Index for Total Manufacturing: Finished Goods Monthly measures the average change over time in the selling prices received by domestic producers for their output. It is used by economists and policymakers to monitor inflation and assess the overall health of the manufacturing sector.
Methodology
The data is collected through a survey of domestic producers and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
The PPI is closely watched by the Federal Reserve and other policymakers as an input to monetary policy decisions.
Key Facts
- The index uses 2015 as the base year (2015=100).
- It covers the output of U.S. manufacturing establishments.
- The PPI is released monthly by the Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Producer Price Index for Total Manufacturing: Finished Goods Monthly measures the average change over time in the selling prices received by domestic producers for their output.
Q: Why is this trend relevant for users or analysts?
A: The PPI is a key indicator of inflationary pressures at the wholesale level and is closely watched by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through a survey of domestic producers and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The PPI is closely watched by the Federal Reserve and other policymakers as an input to monetary policy decisions.
Q: Are there update delays or limitations?
A: The PPI is released monthly by the Bureau of Labor Statistics with no significant update delays.
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Citation
U.S. Federal Reserve, Producer Price Index for Total Manufacturing: Finished Goods Monthly (PITGIG02EEM661N), retrieved from FRED.