Producer Prices Index: Type of Goods: Durable Consumer Goods: Domestic for Austria
Index 2015=100, Annual
PITGCD02ATA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.07
Year-over-Year Change
19.71%
Date Range
1/1/2000 - 1/1/2022
Summary
The 'Index 2015=100, Annual' trend measures annual changes in the producer price index for total goods. This metric is a key indicator of inflation and price pressures in the U.S. 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 price index (PPI) tracks changes in wholesale prices across major industry sectors. The annual PPI for total goods represents the overall trend in producer-level inflation, providing insights into cost and pricing dynamics.
Methodology
The U.S. Bureau of Labor Statistics collects PPI data through monthly surveys of businesses.
Historical Context
The total goods PPI is closely monitored by policymakers, analysts, and businesses to assess macroeconomic conditions.
Key Facts
- The PPI for total goods uses 2015 as the base year with an index value of 100.
- Annual PPI changes reflect the overall trend in producer-level inflation.
- The total goods PPI is a leading indicator of consumer price inflation.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2015=100, Annual' trend measures annual changes in the producer price index for total goods in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: The total goods PPI is a key indicator of producer-level inflation and cost pressures, providing insights into broader economic conditions.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects PPI data through monthly surveys of businesses.
Q: How is this trend used in economic policy?
A: The total goods PPI is closely monitored by policymakers, analysts, and businesses to assess macroeconomic conditions and inflationary pressures.
Q: Are there update delays or limitations?
A: The PPI data is released monthly by the Bureau of Labor Statistics with a typical one-month lag.
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Citation
U.S. Federal Reserve, Index 2015=100, Annual (PITGCD02ATA661N), retrieved from FRED.