Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Total for Switzerland
Index 2015=100, Quarterly
PITGND01CHQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90.67
Year-over-Year Change
-3.59%
Date Range
7/1/2003 - 10/1/2022
Summary
The Producer Price Index for Total Gross Domestic Product (PITGND01CHQ661N) measures changes in the prices received by domestic producers for their output. This key economic indicator provides insights into inflationary pressures and overall producer 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 Price Index for Total Gross Domestic Product (PITGND01CHQ661N) is a comprehensive measure of price changes for goods and services produced in the United States. It is used by economists, policymakers, and analysts to assess domestic production costs and inflationary trends.
Methodology
The data is collected through surveys of producers and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
This index is closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Key Facts
- The index is benchmarked to 2015 = 100.
- It covers a broad range of goods and services produced in the U.S.
- The index is released quarterly by the Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Producer Price Index for Total Gross Domestic Product (PITGND01CHQ661N) measures changes in the prices received by domestic producers for their output.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into inflationary pressures and overall producer activity, which are closely monitored by economists, policymakers, and analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of producers and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Producer Price Index for Total Gross Domestic Product is closely monitored by the Federal Reserve and other institutions to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The index is released quarterly by the Bureau of Labor Statistics, with a typical release schedule and no major known limitations.
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Citation
U.S. Federal Reserve, Index 2015=100, Quarterly (PITGND01CHQ661N), retrieved from FRED.