Producer Prices Index: Type of Goods: Durable Consumer Goods: Domestic for Austria
Index 2015=100, Monthly
PITGCD02ATM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.60
Year-over-Year Change
5.82%
Date Range
1/1/2000 - 12/1/2022
Summary
The Producer Price Index for Gross Domestic Product, Chain-type (2015=100), Monthly measures changes in wholesale prices for domestic goods and services. It is a key indicator of inflationary pressures and an important metric for policymakers and economists.
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 for Gross Domestic Product, Chain-type (2015=100), Monthly tracks the average change in prices received by domestic producers for their output. It covers a wide range of goods and services, providing a comprehensive view of wholesale inflationary trends across the U.S. economy.
Methodology
The data is collected through surveys of domestic producers and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
The PPI-GDP index is closely monitored by the Federal Reserve and other policymakers to gauge overall price pressures and inform monetary policy decisions.
Key Facts
- The index uses 2015 as the base year with a value of 100.
- It covers a diverse range of goods and services across the U.S. economy.
- The PPI-GDP index is a leading indicator of consumer price inflation.
FAQs
Q: What does this economic trend measure?
A: The Producer Price Index for Gross Domestic Product, Chain-type (2015=100), Monthly measures changes in the average prices received by domestic producers for their output.
Q: Why is this trend relevant for users or analysts?
A: The PPI-GDP index is a crucial indicator of inflationary pressures and an important input for policymakers and economists in assessing the overall health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of domestic producers and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The PPI-GDP index is closely monitored by the Federal Reserve and other policymakers to gauge overall price pressures and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The PPI-GDP index is published monthly by the U.S. Bureau of Labor Statistics with a typical release lag of several weeks.
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Currency Conversions: US Dollar Exchange Rate: Spot, End of Period: USD: National Currency for Austria
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Citation
U.S. Federal Reserve, Producer Price Index for Gross Domestic Product, Chain-type (2015=100), Monthly (PITGCD02ATM661N), retrieved from FRED.