Producer Prices Index: Type of Goods: Intermediate Goods: Domestic for Luxembourg
LUXPITGIG02GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.06
Year-over-Year Change
-107.68%
Date Range
2/1/1980 - 12/1/2022
Summary
The Producer Prices Index for Intermediate Goods tracks changes in the prices received by domestic producers of intermediate goods in Luxembourg. This metric is a key indicator of inflationary pressures and production costs in the economy.
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 for Intermediate Goods measures the average change in prices received by producers for their output of intermediate goods destined for the domestic market in Luxembourg. This index is used by policymakers, analysts, and businesses to assess price trends and production-side inflation.
Methodology
Data is collected through surveys of domestic producers and calculated as a weighted average of price changes.
Historical Context
Trends in this index are closely monitored by the Banque centrale du Luxembourg and other institutions to inform economic and monetary policy decisions.
Key Facts
- Covers domestic producer prices for a basket of intermediate goods in Luxembourg.
- Published monthly by the Banque centrale du Luxembourg.
- Base year is 2015.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index for Intermediate Goods measures changes in the prices received by domestic producers for their output of intermediate goods in Luxembourg.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of production-side inflationary pressures and input costs, which is crucial information for policymakers, businesses, and economists analyzing the Luxembourg economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of domestic producers and calculated as a weighted average of price changes.
Q: How is this trend used in economic policy?
A: Trends in this index are closely monitored by the Banque centrale du Luxembourg and other institutions to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with no significant update delays, providing timely information on producer price movements.
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Citation
U.S. Federal Reserve, Producer Prices Index: Type of Goods: Intermediate Goods: Domestic for Luxembourg (LUXPITGIG02GPM), retrieved from FRED.