Producer Prices Index: Type of goods: Investments goods: Domestic for the European Union
Growth rate same period previous year, Quarterly
EU28PITGVG02GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.12
Year-over-Year Change
16.63%
Date Range
1/1/1996 - 4/1/2020
Summary
This economic trend measures the year-over-year growth rate of the GDP price index for the European Union. It provides insight into inflationary pressures and can inform policy decisions.
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 GDP price index is a comprehensive measure of inflation, tracking changes in the prices of all goods and services that contribute to GDP. The year-over-year growth rate offers a standardized way to assess price changes over time.
Methodology
The data is calculated by the European Union based on GDP figures reported by member states.
Historical Context
This indicator is closely watched by central banks, finance ministries, and market analysts to gauge the pace of economic expansion and potential inflationary risks.
Key Facts
- The GDP price index tracks changes in prices across the entire economy.
- Year-over-year growth rates smooth out seasonal fluctuations.
- This indicator is a key input for central bank policy decisions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of the GDP price index for the European Union, a comprehensive measure of inflation across the entire economy.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into inflationary pressures and is closely watched by central banks, finance ministries, and market analysts to gauge the pace of economic expansion and potential risks.
Q: How is this data collected or calculated?
A: The data is calculated by the European Union based on GDP figures reported by member states.
Q: How is this trend used in economic policy?
A: This indicator is a key input for central bank policy decisions, as it helps assess the underlying rate of inflation and can inform monetary policy actions.
Q: Are there update delays or limitations?
A: There may be lags in reporting and publication of this data, as it relies on GDP figures from individual EU member states.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (EU28PITGVG02GYQ), retrieved from FRED.