Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Total for Portugal
PRTPITGND01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.91
Year-over-Year Change
196.88%
Date Range
1/1/2006 - 12/1/2022
Summary
The Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Total for Portugal measures the changes in wholesale prices of non-durable consumer goods produced in Portugal. It is a key indicator of inflationary pressures and economic conditions.
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
This index tracks the prices received by domestic producers of non-durable consumer goods, providing insight into the cost and supply-side dynamics of the Portuguese economy. It is used by economists, policymakers, and businesses to analyze production-side inflation and make informed decisions.
Methodology
The data is collected through surveys of domestic producers and calculated as a weighted average of price changes.
Historical Context
The Producer Prices Index is closely monitored by the Portuguese Central Bank and other institutions to assess the need for monetary policy adjustments.
Key Facts
- The index has a base year of 2015.
- Portugal is a member of the Eurozone and the European Union.
- Non-durable consumer goods include items like food, beverages, and cleaning products.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Total for Portugal measures the changes in wholesale prices of non-durable consumer goods produced in the country.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into the cost and supply-side dynamics of the Portuguese economy, which is useful for economists, policymakers, and businesses in analyzing production-side inflation and making informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of domestic producers and calculated as a weighted average of price changes.
Q: How is this trend used in economic policy?
A: The Producer Prices Index is closely monitored by the Portuguese Central Bank and other institutions to assess the need for monetary policy adjustments.
Q: Are there update delays or limitations?
A: The data is published regularly with minimal delays, providing timely information on production-side inflation in Portugal.
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Citation
U.S. Federal Reserve, Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Total for Portugal (PRTPITGND01GYM), retrieved from FRED.