Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Total for Luxembourg
Index 2015=100, Quarterly
PITGND01LUQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.93
Year-over-Year Change
11.23%
Date Range
1/1/1990 - 10/1/2022
Summary
This quarterly index measures total output of the U.S. goods-producing industries, including manufacturing, mining, and construction. It is a leading indicator of overall economic activity.
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 Gross Domestic Product (PITGND01LUQ661N) tracks changes in the prices of goods and services at the wholesale level. It reflects inflationary pressures in the production pipeline and is used to monitor trends in domestic price levels.
Methodology
The index is calculated by the U.S. Bureau of Economic Analysis using data from various government sources.
Historical Context
This index is closely watched by policymakers, economists, and businesses to assess macroeconomic conditions and potential inflationary risks.
Key Facts
- The index has a base year of 2015=100.
- It covers a broad range of goods-producing industries.
- The index is released quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices received by producers of goods and services in the U.S. It serves as a gauge of inflationary pressures in the production pipeline.
Q: Why is this trend relevant for users or analysts?
A: The Producer Price Index is a leading indicator of overall inflation and an important input for policymakers, economists, and businesses in assessing macroeconomic conditions and making informed decisions.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Economic Analysis using data from various government sources.
Q: How is this trend used in economic policy?
A: The Producer Price Index is closely monitored by the Federal Reserve and other policymakers as an indicator of inflationary pressures, which informs monetary policy decisions.
Q: Are there update delays or limitations?
A: The index is released quarterly with a typical lag of about one month after the end of the reference quarter.
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Citation
U.S. Federal Reserve, Index 2015=100, Quarterly (PITGND01LUQ661N), retrieved from FRED.