Producer Prices Index: Type of Goods: Investments Goods: Total for Luxembourg
Index 2015=100, Monthly
PITGVG01LUM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.90
Year-over-Year Change
3.51%
Date Range
1/1/1980 - 12/1/2022
Summary
The Producer Price Index (PPI) for Gross Value of Oil and Gas Extraction measures changes in the selling prices received by domestic producers of crude petroleum and natural gas. It is a key indicator of inflationary pressures in the energy sector.
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 PPI for Gross Value of Oil and Gas Extraction tracks the price dynamics of a critical component of the U.S. energy infrastructure. It provides insights into the cost environment faced by energy producers, which can have significant implications for consumer prices, business investment, and broader macroeconomic trends.
Methodology
The data is collected through surveys of domestic producers and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
This index is closely monitored by policymakers, economists, and market analysts to assess the state of energy supply and its potential impact on the broader economy.
Key Facts
- The PPI for Gross Value of Oil and Gas Extraction has a base year of 2015.
- The index is published monthly by the U.S. Bureau of Labor Statistics.
- Energy prices are a significant driver of overall producer and consumer inflation.
FAQs
Q: What does this economic trend measure?
A: The Producer Price Index (PPI) for Gross Value of Oil and Gas Extraction measures the changes in selling prices received by domestic producers of crude petroleum and natural gas.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into inflationary pressures in the energy sector, which can have significant implications for consumer prices, business investment, and broader macroeconomic trends.
Q: How is this data collected or calculated?
A: The data is collected through surveys of domestic producers and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This index is closely monitored by policymakers, economists, and market analysts to assess the state of energy supply and its potential impact on the broader economy.
Q: Are there update delays or limitations?
A: The index is published monthly by the U.S. Bureau of Labor Statistics, with typical data release delays of around two weeks.
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Citation
U.S. Federal Reserve, Producer Price Index for Gross Value of Oil and Gas Extraction (PITGVG01LUM661N), retrieved from FRED.