Producer Prices Index: Economic Activities: Total Energy for Ireland
PIEAEN01IEM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.10
Year-over-Year Change
0.72%
Date Range
1/1/2005 - 1/1/2018
Summary
The Producer Prices Index: Economic Activities: Total Energy for Ireland measures changes in prices received by producers for total energy-related goods and services in the Irish economy. This metric is a key indicator of inflationary pressures and production costs.
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 that domestic producers receive for their output. The total energy PPI specifically captures price movements across all energy-related economic activities in Ireland, providing insight into production costs and energy market dynamics.
Methodology
This PPI series is calculated by Ireland's Central Statistics Office based on a monthly survey of producers.
Historical Context
The total energy PPI is closely monitored by policymakers, analysts, and businesses to assess the state of Ireland's energy sector and broader economic conditions.
Key Facts
- Ireland's total energy PPI uses 2015 as its base year.
- The total energy PPI covers a range of energy sources, including electricity, natural gas, and petroleum products.
- Producer price data is collected via a monthly survey of over 6,000 Irish businesses.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index: Economic Activities: Total Energy for Ireland measures changes in the prices received by domestic producers for energy-related goods and services.
Q: Why is this trend relevant for users or analysts?
A: This total energy PPI provides important insights into production costs, inflationary pressures, and the state of Ireland's energy sector, making it a closely watched metric by policymakers, businesses, and economists.
Q: How is this data collected or calculated?
A: The data for this PPI series is collected by Ireland's Central Statistics Office through a monthly survey of over 6,000 producers across the country.
Q: How is this trend used in economic policy?
A: The total energy PPI is a key input for policymakers and analysts assessing inflationary trends, production costs, and the overall health of Ireland's energy markets and broader economy.
Q: Are there update delays or limitations?
A: The total energy PPI data is published monthly by the Central Statistics Office, with a typical release lag of approximately 4 weeks.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic Activities: Total Energy for Ireland (PIEAEN01IEM661N), retrieved from FRED.