Producer Prices Index: Type of Goods: Consumer Goods: Domestic for Spain
ESPPITGCG02GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.75
Year-over-Year Change
12.46%
Date Range
2/1/1975 - 12/1/2022
Summary
The Producer Prices Index: Type of Goods: Consumer Goods: Domestic for Spain measures the change in wholesale prices for consumer goods produced and sold within Spain. This important economic indicator provides insights into inflationary pressures and the health of the Spanish manufacturing sector.
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 average change in prices received by domestic producers for their output. The consumer goods PPI specifically monitors wholesale price fluctuations for final products purchased by consumers, rather than intermediate goods or raw materials.
Methodology
The Spanish National Statistics Institute (INE) collects monthly price data from a sample of producers and calculates the PPI using a Laspeyres index formula.
Historical Context
Economists and policymakers closely monitor the consumer goods PPI to assess production costs, pricing power, and potential consumer price inflation.
Key Facts
- The PPI consumer goods index has a base year of 2015 = 100.
- Spain's consumer goods PPI reached a record high of 119.1 in March 2022.
- Producer prices have increased over 14% year-over-year as of March 2022.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index: Type of Goods: Consumer Goods: Domestic for Spain measures the average change in wholesale prices for consumer goods produced and sold within the Spanish market.
Q: Why is this trend relevant for users or analysts?
A: This PPI data provides insights into inflationary pressures, production costs, and the overall health of Spain's manufacturing sector, which is crucial information for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The Spanish National Statistics Institute (INE) collects monthly price data from a sample of producers and calculates the PPI using a Laspeyres index formula.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor the consumer goods PPI to assess production costs, pricing power, and potential consumer price inflation, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The PPI data is published monthly by the INE, but there may be a 1-2 month delay in the release of the latest figures.
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Citation
U.S. Federal Reserve, Producer Prices Index: Type of Goods: Consumer Goods: Domestic for Spain (ESPPITGCG02GPM), retrieved from FRED.