Producer Prices Index: Type of Goods: Durable Consumer Goods: Domestic for Portugal
Index 2015=100, Monthly
PITGCD02PTM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.20
Year-over-Year Change
6.89%
Date Range
1/1/1995 - 12/1/2022
Summary
The Producer Price Index (PPI) for Goods measures changes in the average selling prices received by domestic producers for their output, providing insight into producer-level inflation.
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 Goods is a key economic indicator that tracks price changes from the producer's perspective, complementing the consumer-focused Consumer Price Index (CPI). Analysts use the PPI to assess cost pressures, gauge pricing power, and forecast consumer inflation.
Methodology
The U.S. Bureau of Labor Statistics collects price data from a sample of establishments to calculate the PPI for Goods on a monthly basis.
Historical Context
The PPI for Goods is closely monitored by policymakers at the Federal Reserve and influences their decisions on interest rates and monetary policy.
Key Facts
- The PPI for Goods has a base year of 2015=100.
- The index is published monthly by the U.S. Bureau of Labor Statistics.
- Movements in the PPI for Goods often precede changes in the Consumer Price Index (CPI).
FAQs
Q: What does this economic trend measure?
A: The Producer Price Index (PPI) for Goods measures the average changes in prices received by domestic producers for their outputs, providing insight into producer-level inflation.
Q: Why is this trend relevant for users or analysts?
A: The PPI for Goods is a key indicator of cost pressures and pricing power, helping analysts and policymakers assess the state of the economy and forecast consumer inflation.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects price data from a sample of establishments to calculate the monthly PPI for Goods.
Q: How is this trend used in economic policy?
A: The PPI for Goods is closely monitored by the Federal Reserve and influences their decisions on interest rates and monetary policy to maintain price stability.
Q: Are there update delays or limitations?
A: The PPI for Goods is published monthly with a typical lag of about two weeks from the end of the reference month.
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Citation
U.S. Federal Reserve, Producer Price Index for Goods (PITGCD02PTM661N), retrieved from FRED.