Producer Prices Index: Economic Activities: Industrial Activities: Total for Ireland
IRLPIEATI01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.40
Year-over-Year Change
-74.15%
Date Range
1/1/1996 - 12/1/2022
Summary
The Producer Prices Index (PPI) for Industrial Activities in Ireland measures changes in the selling prices received by domestic producers for their output. This metric is a key indicator of inflationary pressures and industrial output trends.
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 PPI for Industrial Activities in Ireland tracks price movements across a broad range of economic sectors, providing insight into the cost environment facing businesses and the broader state of the Irish industrial economy. Economists and policymakers use this index to gauge inflationary dynamics and support economic forecasting.
Methodology
The data is collected through surveys of Irish producers and calculated as a weighted index.
Historical Context
The PPI is monitored by the Central Bank of Ireland and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The PPI for Industrial Activities has a base year of 2015.
- Ireland's PPI for Industrial Activities reached a record high in 2022.
- The PPI is released monthly by the Central Statistics Office of Ireland.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index for Industrial Activities in Ireland measures the changes in selling prices received by domestic producers for their industrial output.
Q: Why is this trend relevant for users or analysts?
A: The PPI is a key indicator of inflationary pressures and the health of the Irish industrial sector, providing important insights for economists, businesses, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Irish producers and calculated as a weighted index by the Central Statistics Office.
Q: How is this trend used in economic policy?
A: The PPI for Industrial Activities is monitored by the Central Bank of Ireland and other institutions to inform monetary and fiscal policy decisions aimed at managing inflation and supporting industrial output.
Q: Are there update delays or limitations?
A: The PPI for Industrial Activities in Ireland is released monthly with no significant update delays, providing timely data for analysis.
Related Trends
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Harmonized Index of Consumer Prices: Energy for Ireland
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Producer Prices Index: Economic activities: Energy: Domestic for Ireland
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Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: From 15 to 24 Years for Ireland
LRHU24MAIEM156N
Business Tendency Surveys: Order Books: Economic Activity: Manufacturing: Current for Ireland
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Bank Lending Deposit Spread for Ireland
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic Activities: Industrial Activities: Total for Ireland (IRLPIEATI01GYM), retrieved from FRED.