Producer Prices Index: Type of Goods: Investments Goods: Domestic for Euro Area (19 Countries)
Index 2015=100, Monthly
PITGVG02EZM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118.30
Year-over-Year Change
7.55%
Date Range
1/1/1995 - 12/1/2022
Summary
The Producer Price Index for Finished Goods, Monthly measures the average change over time in the selling prices received by domestic producers for their output. It is a key indicator of inflationary pressures in the 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 Price Index for Finished Goods, Monthly tracks changes in the average selling prices for a representative basket of finished consumer goods and services. It is used by policymakers, analysts, and businesses to assess price dynamics and monitor the overall health of the production sector.
Methodology
The U.S. Bureau of Labor Statistics collects price data from a sample of producers each month to calculate this index.
Historical Context
The Producer Price Index is closely watched by the Federal Reserve and other policymakers to help inform monetary policy decisions.
Key Facts
- The index has a base year of 2015 = 100.
- It covers a sample of approximately 25,000 producer price quotes per month.
- The index is released around the middle of each month.
FAQs
Q: What does this economic trend measure?
A: The Producer Price Index for Finished Goods, Monthly measures the average change over time in the selling prices received by domestic producers for their output.
Q: Why is this trend relevant for users or analysts?
A: The PPI is a key indicator of inflationary pressures in the economy, helping policymakers, analysts, and businesses assess price dynamics and monitor the overall health of the production sector.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects price data from a sample of producers each month to calculate this index.
Q: How is this trend used in economic policy?
A: The Producer Price Index is closely watched by the Federal Reserve and other policymakers to help inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The index is released around the middle of each month, providing timely data on producer price trends.
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Citation
U.S. Federal Reserve, Producer Price Index for Finished Goods, Monthly (PITGVG02EZM661N), retrieved from FRED.