Producer Prices Index: Type of Goods: Consumer Goods: Total for Portugal
Growth rate same period previous year, Quarterly
PRTPITGCG01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.98
Year-over-Year Change
1284.78%
Date Range
1/1/2006 - 10/1/2022
Summary
This economic trend measures the year-over-year growth rate of the Producer Price Index for total goods, reported quarterly. It provides important insights into producer-level inflation and is closely watched by economists and policymakers.
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 growth rate same period previous year, Quarterly metric tracks changes in producer prices compared to the same quarter in the prior year. This indicator helps assess inflationary pressures and production-side economic conditions.
Methodology
The data is collected through the Producer Price Index (PPI) survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is a key input for the Federal Reserve and other policymakers in monitoring and managing the overall level of prices in the economy.
Key Facts
- Producer prices rose 9.6% in the 4th quarter of 2022 vs. the same period in 2021.
- This metric hit a 40-year high in 2022 amid elevated inflation.
- The growth rate has moderated from its peak but remains elevated.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of the Producer Price Index for total goods, reported quarterly. It provides insights into producer-level inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers as an indicator of inflationary pressures and production-side economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through the Producer Price Index (PPI) survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is a key input for the Federal Reserve and other policymakers in monitoring and managing the overall level of prices in the economy.
Q: Are there update delays or limitations?
A: The data is reported quarterly with a lag, so there may be a delay in the most recent figures.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (PRTPITGCG01GYQ), retrieved from FRED.