Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Total for Luxembourg
Index 2015=100, Monthly
PITGND01LUM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.80
Year-over-Year Change
12.77%
Date Range
1/1/1990 - 12/1/2022
Summary
The Index 2015=100, Monthly measures changes in producer prices for the manufacturing sector, providing insights into inflationary pressures and market 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
This producer price index tracks the average change in selling prices received by domestic producers for their output. It is a key indicator of inflation dynamics and used by policymakers, analysts, and businesses to understand economic performance.
Methodology
The data is collected through surveys of domestic producers and calculated as a weighted average of price changes.
Historical Context
The index is closely monitored by the Federal Reserve and other institutions to assess inflationary trends and inform policy decisions.
Key Facts
- The index has a base year of 2015.
- It covers a wide range of manufactured goods.
- The index is released monthly by the U.S. Bureau of Labor Statistics.
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 manufacturing output.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures in the manufacturing sector and provides important insights into overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of domestic producers and calculated as a weighted average of price changes.
Q: How is this trend used in economic policy?
A: The index is closely monitored by the Federal Reserve and other institutions to assess inflationary trends and inform policy decisions.
Q: Are there update delays or limitations?
A: The index is released monthly by the U.S. Bureau of Labor Statistics with no significant update delays.
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Citation
U.S. Federal Reserve, Index 2015=100, Monthly (PITGND01LUM661N), retrieved from FRED.