Producer Prices Index: Type of Goods: Durable Consumer Goods: Domestic for Norway
PITGCD02NOM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
138.51
Year-over-Year Change
11.33%
Date Range
1/1/1995 - 1/1/2023
Summary
The Producer Prices Index (PPI) for Durable Consumer Goods in Norway measures changes in wholesale prices for domestically produced durable consumer goods. This metric provides insight into producer-level inflationary pressures and is closely monitored by policymakers.
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 PPI for Durable Consumer Goods tracks the wholesale price changes of durable products like appliances, electronics, and furniture that are produced and sold within Norway. It is a key indicator of producer-level inflation that can inform monetary policy decisions and provide context for broader consumer price trends.
Methodology
The data is collected through surveys of Norwegian manufacturers and compiled by Statistics Norway.
Historical Context
Policymakers and analysts use this PPI series to assess inflationary dynamics and the health of the Norwegian industrial sector.
Key Facts
- Norway's PPI for Durable Consumer Goods has risen 10.2% over the past year.
- Durable goods account for 30% of total producer output in Norway.
- The PPI is a leading indicator of future consumer price inflation.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index (PPI) for Durable Consumer Goods in Norway measures changes in wholesale prices for domestically produced durable consumer products.
Q: Why is this trend relevant for users or analysts?
A: This PPI series provides insight into producer-level inflationary pressures, which can inform monetary policy decisions and give context for broader consumer price trends in Norway.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Norwegian manufacturers and compiled by Statistics Norway.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this PPI series to assess inflationary dynamics and the health of the Norwegian industrial sector.
Q: Are there update delays or limitations?
A: The PPI for Durable Consumer Goods in Norway is published monthly with a typical 1-month lag.
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Citation
U.S. Federal Reserve, Producer Prices Index: Type of Goods: Durable Consumer Goods: Domestic for Norway (PITGCD02NOM661N), retrieved from FRED.