Producer Prices Index: Investments Goods: Total for Ireland
PITGVG01IEM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.90
Year-over-Year Change
-4.09%
Date Range
1/1/1995 - 1/1/2018
Summary
The Producer Prices Index: Investments Goods: Total for Ireland measures changes in prices received by domestic producers of investment goods. This index is a key indicator of inflationary pressures and production costs within the Irish economy.
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 Prices Index (PPI) for Ireland tracks the wholesale price changes of goods as they move from the producer to the consumer or retailer. The investment goods PPI specifically focuses on the price trends of capital equipment, machinery, and other investment-related products.
Methodology
The data is collected through a survey of Irish producers and compiled by the Central Statistics Office.
Historical Context
The PPI is used by policymakers, economists, and businesses to analyze production-side inflation and monitor the competitiveness of Irish exports.
Key Facts
- The base year for the Ireland PPI is 2015 = 100.
- Prices are measured at the factory gate before taxes and transport costs.
- The PPI is released monthly by the Central Statistics Office.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index: Investments Goods: Total for Ireland measures the change in wholesale prices received by domestic producers of capital equipment, machinery, and other investment-related products.
Q: Why is this trend relevant for users or analysts?
A: The investment goods PPI is a key indicator of production-side inflation pressures and the competitiveness of Irish exports. It provides important insights for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of Irish producers and compiled by the Central Statistics Office.
Q: How is this trend used in economic policy?
A: The PPI for investment goods is used by the Irish government, the Central Bank, and other institutions to analyze inflationary trends, monitor production costs, and assess the export competitiveness of the Irish economy.
Q: Are there update delays or limitations?
A: The PPI data is released monthly by the Central Statistics Office with a typical lag of 4-6 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Producer Prices Index: Investments Goods: Total for Ireland (PITGVG01IEM661N), retrieved from FRED.