Producer Prices Index: Type of Goods: Investments Goods: Domestic for Austria
Index 2015=100, Quarterly
PITGVG02ATQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.79
Year-over-Year Change
7.52%
Date Range
1/1/2000 - 10/1/2022
Summary
This economic trend measures the Producer Price Index (PPI) for gross value added in the general government sector, with a base year of 2015. It provides insights into price changes for government services and is a key indicator of inflationary pressures in the public 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 Producer Price Index (PPI) for gross value added in the general government sector tracks changes in the prices received by government agencies for their services. It is a useful metric for assessing cost pressures and productivity in the public sector, which can inform economic policymaking and budgetary decisions.
Methodology
The data is collected through surveys of government agencies and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists monitor this PPI trend to gauge inflationary trends in the government sector and its potential impact on fiscal policy.
Key Facts
- The base year for this PPI index is 2015.
- The index measures price changes for government services and activities.
- It is published on a quarterly basis by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Producer Price Index (PPI) for gross value added in the general government sector, providing insights into price changes for government services.
Q: Why is this trend relevant for users or analysts?
A: This PPI trend is a key indicator of inflationary pressures in the public sector, which is relevant for economic policymaking and budgetary decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of government agencies and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this PPI trend to gauge inflationary trends in the government sector and its potential impact on fiscal policy.
Q: Are there update delays or limitations?
A: The PPI for government services is published on a quarterly basis by the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Index 2015=100, Quarterly (PITGVG02ATQ661N), retrieved from FRED.