Producer Prices Index: Type of Goods: Intermediate Goods: Total for Russia
RUSPITGIG01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.68
Year-over-Year Change
-597.56%
Date Range
1/1/2015 - 10/1/2021
Summary
The Producer Prices Index: Type of Goods: Intermediate Goods: Total for Russia measures changes in the wholesale prices of intermediate goods produced in Russia. This metric is a key indicator of inflationary pressures and industrial activity in the Russian 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 Prices Index (PPI) tracks the change in selling prices received by domestic producers for their output. The Intermediate Goods PPI specifically measures price changes for goods used as inputs by other industries, providing insight into supply chain dynamics and production costs.
Methodology
The data is collected through surveys of domestic producers and calculated as a weighted index.
Historical Context
The Intermediate Goods PPI is closely monitored by policymakers, analysts, and businesses to assess economic conditions and inform decision-making.
Key Facts
- The PPI uses 2015 as the base year with a value of 100.
- Intermediate goods account for a significant portion of a country's total economic output.
- Rising intermediate goods prices can signal upcoming increases in consumer inflation.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index: Intermediate Goods for Russia measures the change in wholesale prices received by domestic producers for goods used as inputs by other industries.
Q: Why is this trend relevant for users or analysts?
A: The Intermediate Goods PPI provides insight into inflationary pressures, supply chain dynamics, and industrial production in the Russian economy, making it a key indicator for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of domestic producers and calculated as a weighted index by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: The Intermediate Goods PPI is closely monitored by the Russian government, central bank, and other policymakers to assess economic conditions and inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The Intermediate Goods PPI data is published monthly with a typical release lag of around two weeks.
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Citation
U.S. Federal Reserve, Producer Prices Index: Type of Goods: Intermediate Goods: Total for Russia (RUSPITGIG01GPQ), retrieved from FRED.