Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Total for Hungary
Index 2015=100, Monthly
PITGND01HUM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
147.39
Year-over-Year Change
36.22%
Date Range
1/1/1998 - 12/1/2022
Summary
The Index 2015=100, Monthly measures the producer price index for goods and services in the U.S. economy. This broad-based metric is a key indicator of inflationary pressures and overall economic conditions.
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, Monthly tracks changes in the average selling prices received by domestic producers for their output. It is a widely followed economic indicator that provides insight into the cost environment faced by businesses and consumers.
Methodology
The data is collected through surveys of producers and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and market analysts closely monitor the producer price index to assess supply-side inflation and make informed decisions.
Key Facts
- The base year for the index is 2015 = 100.
- The index covers a broad range of goods and services produced in the U.S.
- Changes in the PPI often precede shifts in consumer prices
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Monthly measures changes in the average selling prices received by domestic producers for their products and services.
Q: Why is this trend relevant for users or analysts?
A: The producer price index is a leading indicator of inflation and provides insight into the cost environment faced by businesses and consumers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of producers and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor the producer price index to assess supply-side inflation and make informed decisions.
Q: Are there update delays or limitations?
A: The producer price index data is released monthly with a typical one-month lag.
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Citation
U.S. Federal Reserve, Index 2015=100, Monthly (PITGND01HUM661N), retrieved from FRED.