Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Total for Portugal
Index 2015=100, Quarterly
PRTPITGND01IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.23
Year-over-Year Change
22.50%
Date Range
1/1/2005 - 10/1/2022
Summary
The Producer Price Index for Goods (PRTPITGND01IXOBQ) measures the average change in selling prices received by domestic producers for their output of goods. This key indicator provides insight into producer-level inflation pressures and supply chain dynamics.
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 Goods (PRTPITGND01IXOBQ) is a principal economic indicator that tracks the average change in prices received by U.S. producers for their outputs. As a measure of producer-level inflation, it is closely monitored by policymakers, analysts, and businesses to gauge upstream price pressures throughout the economy.
Methodology
The data is collected through surveys of domestic producers and calculated as an index with a 2015 base year.
Historical Context
Trends in the Producer Price Index for Goods are closely watched for their implications on consumer price inflation, monetary policy, and business planning.
Key Facts
- The PPI for Goods reached a record high of 124.1 in March 2022.
- Producer prices increased 11.2% year-over-year as of March 2022.
- The PPI excludes import and export prices, focusing solely on domestic production.
FAQs
Q: What does this economic trend measure?
A: The Producer Price Index for Goods (PRTPITGND01IXOBQ) measures the average change in selling prices received by domestic producers for their output of goods.
Q: Why is this trend relevant for users or analysts?
A: As a measure of producer-level inflation, trends in the PPI for Goods provide important insights into upstream price pressures and supply chain dynamics that can feed through to consumer prices.
Q: How is this data collected or calculated?
A: The data is collected through surveys of domestic producers and calculated as an index with a 2015 base year.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and businesses closely monitor the PPI for Goods to gauge inflationary pressures and assess the need for monetary or fiscal policy responses.
Q: Are there update delays or limitations?
A: The PPI for Goods is published monthly by the U.S. Bureau of Labor Statistics with a typical one-month lag between the reference period and the release date.
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Citation
U.S. Federal Reserve, Index 2015=100, Quarterly (PRTPITGND01IXOBQ), retrieved from FRED.