Producer Prices Index: Type of Goods: Durable Consumer Goods: Domestic for Spain
PITGCD02ESQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117.49
Year-over-Year Change
12.95%
Date Range
1/1/1975 - 10/1/2022
Summary
The Producer Prices Index: Type of Goods: Durable Consumer Goods: Domestic for Spain measures changes in producer prices for durable consumer goods produced and sold within Spain.
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
This index is a key indicator of inflationary pressures and producer cost trends in the Spanish economy. It is used by policymakers, economists, and businesses to analyze producer price dynamics and inform economic forecasting and decision-making.
Methodology
The index is calculated by the National Statistics Institute of Spain based on surveys of producer price data.
Historical Context
This index provides insights into the pricing environment faced by Spanish producers and helps inform monetary and fiscal policy decisions.
Key Facts
- The index has a base year of 2015 = 100.
- It covers over 30,000 products and services produced in Spain.
- Spain is a major producer and exporter of durable consumer goods.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices received by producers of durable consumer goods within Spain.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into inflationary pressures and cost trends faced by Spanish producers, which is crucial information for policymakers, businesses, and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of producers and calculated by the National Statistics Institute of Spain.
Q: How is this trend used in economic policy?
A: This index is used by the Bank of Spain and other policymakers to monitor producer price inflation and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Producer Prices Index: Type of Goods: Durable Consumer Goods: Domestic for Spain (PITGCD02ESQ661N), retrieved from FRED.