Producer Prices Index: Type of Goods: Intermediate Goods: Total for Norway
PITGIG01NOM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
150.91
Year-over-Year Change
15.28%
Date Range
1/1/1995 - 1/1/2023
Summary
The Producer Prices Index: Type of Goods: Intermediate Goods: Total for Norway measures the changes in prices received by domestic producers for their output. This metric is a key indicator of inflationary pressures and industrial activity.
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 wholesale price changes of goods and services at various stages of production before reaching the consumer. The Intermediate Goods PPI specifically measures price fluctuations for products used as inputs by other businesses.
Methodology
The data is collected through surveys of Norwegian producers and calculated by Statistics Norway.
Historical Context
Analysts and policymakers use the Intermediate Goods PPI to assess manufacturing output, supply chain dynamics, and broader economic conditions.
Key Facts
- The PPI is a leading indicator of consumer price inflation.
- Intermediate goods account for over 40% of Norway's producer prices.
- Prices of intermediate goods tend to be more volatile than consumer goods.
FAQs
Q: What does this economic trend measure?
A: The Intermediate Goods PPI for Norway tracks the wholesale price changes of goods used as inputs by domestic producers.
Q: Why is this trend relevant for users or analysts?
A: The Intermediate Goods PPI is a key indicator of inflationary pressures, industrial activity, and supply chain dynamics in the Norwegian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Norwegian producers and calculated by Statistics Norway.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use the Intermediate Goods PPI to assess manufacturing output, supply chain conditions, and broader economic performance.
Q: Are there update delays or limitations?
A: The Intermediate Goods PPI is published monthly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Producer Prices Index: Type of Goods: Intermediate Goods: Total for Norway (PITGIG01NOM661N), retrieved from FRED.