Producer Prices Index: Type of Goods: Intermediate Goods: Domestic for Hungary
Index 2015=100, Annual
PITGIG02HUA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
159.17
Year-over-Year Change
85.22%
Date Range
1/1/1998 - 1/1/2022
Summary
The Index 2015=100, Annual series measures the annual percentage change in the producer price index (PPI) for gross domestic product (GDP) for the industrial sector in the United States. This key economic indicator provides insights into broader inflationary pressures and trends.
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 Index 2015=100, Annual series tracks changes in the prices received by domestic producers for their output. It is a widely watched metric for assessing the state of the industrial economy and can inform monetary policy decisions by the Federal Reserve.
Methodology
The data is collected through surveys of domestic producers and calculated as an index with a base year of 2015.
Historical Context
Policymakers and analysts use this index to monitor industrial price inflation and its potential impact on consumer prices and economic growth.
Key Facts
- The index uses 2015 as the base year with a value of 100.
- The annual data is released with a one-month lag.
- The PPI for the industrial sector is a key input for the broader GDP deflator.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Annual series measures the year-over-year percentage change in producer prices for the industrial sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into industrial inflationary pressures, which can inform monetary policy decisions and economic forecasting.
Q: How is this data collected or calculated?
A: The data is collected through surveys of domestic producers and calculated as an index with a base year of 2015.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to monitor industrial price inflation and its potential impact on consumer prices and economic growth.
Q: Are there update delays or limitations?
A: The annual data is released with a one-month lag, and the index may not capture all price changes in the industrial sector.
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Citation
U.S. Federal Reserve, Index 2015=100, Annual (PITGIG02HUA661N), retrieved from FRED.