Producer Prices Index: Type of Goods: Investments Goods: Total for Slovak Republic
Index 2015=100, Monthly
PITGVG01SKM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.38
Year-over-Year Change
7.03%
Date Range
1/1/2003 - 12/1/2022
Summary
The Producer Price Index for Gross Value of Goods measures changes in the prices received by domestic producers for their output. It is a key indicator of inflationary pressures at the producer level.
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 Gross Value of Goods tracks the weighted-average change in selling prices received by domestic producers for their commodities and services. It is a widely-monitored economic indicator used to assess inflationary trends and producer-level pricing dynamics.
Methodology
The data is collected through surveys of producers and compiled by the U.S. Bureau of Labor Statistics.
Historical Context
This index is closely watched by the Federal Reserve and other policymakers to gauge inflationary pressures throughout the economy.
Key Facts
- The index has a base year of 2015=100.
- It covers the prices received by domestic producers for their commodities and services.
- The index is published monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Producer Price Index for Gross Value of Goods measures changes in the prices received by domestic producers for their output. It is a key indicator of inflationary pressures at the producer level.
Q: Why is this trend relevant for users or analysts?
A: This index is closely watched by the Federal Reserve, economists, and policymakers as an important gauge of producer-level inflationary pressures and pricing dynamics throughout the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of producers and compiled by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Producer Price Index for Gross Value of Goods is used by the Federal Reserve and other policymakers to assess inflationary conditions and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly by the U.S. Bureau of Labor Statistics with minimal publication delays.
Related Trends
Small Firms with a Bank Loan or Line of Credit to Total Small Firms for Slovakia
DDAI04SKA156NWDB
Infra-Annual Labor Statistics: Unemployment Rate Male: From 25 to 54 Years for Slovak Republic
LRUN25MASKA156N
Harmonized Index of Consumer Prices: Services Related to Housing for Slovakia
SERVHOSKM086NEST
Production: Construction: Total for Slovak Republic
PRCNTO01SKA657S
Life Insurance Premium Volume to GDP for Slovakia
DDDI09SKA156NWDB
Labor Compensation: Earnings: Manufacturing: Hourly for Slovak Republic
SVKLCEAMN01GPSAM
Citation
U.S. Federal Reserve, Producer Price Index for Gross Value of Goods (PITGVG01SKM661N), retrieved from FRED.