Producer Prices Index: Type of Goods: Consumer Goods: Total for United States
PITGCG01USA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
133.01
Year-over-Year Change
43.76%
Date Range
1/1/1960 - 1/1/2022
Summary
The Producer Prices Index (PPI) for Consumer Goods measures changes in the average selling prices received by domestic producers for their output. This key economic indicator provides insights into inflationary pressures and the overall health of the production sector.
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 Consumer Goods is a widely followed economic statistic that tracks the price changes experienced by producers of consumer products in the United States. It is used by economists, policymakers, and market analysts to assess domestic production costs and anticipate changes in consumer prices.
Methodology
The PPI is calculated based on surveys of producers across various industries, measuring the average change in prices received over time.
Historical Context
The PPI for Consumer Goods is a leading indicator used to inform monetary policy decisions and provide context for consumer price inflation trends.
Key Facts
- The PPI for Consumer Goods is a monthly index published by the U.S. Bureau of Labor Statistics.
- The index has a base year of 2012 = 100.
- Changes in the PPI for Consumer Goods can signal future trends in the Consumer Price Index (CPI).
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index (PPI) for Consumer Goods measures the average change in prices received by domestic producers for consumer products.
Q: Why is this trend relevant for users or analysts?
A: The PPI for Consumer Goods is a key indicator of inflationary pressures and the overall health of the production sector, providing insights that are useful for economic analysis, policymaking, and investment decisions.
Q: How is this data collected or calculated?
A: The PPI is calculated based on surveys of producers across various industries, measuring the average change in prices received over time.
Q: How is this trend used in economic policy?
A: The PPI for Consumer Goods is a leading indicator used to inform monetary policy decisions and provide context for consumer price inflation trends.
Q: Are there update delays or limitations?
A: The PPI for Consumer Goods is published monthly by the U.S. Bureau of Labor Statistics, with a typical release lag of around two weeks.
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Citation
U.S. Federal Reserve, Producer Prices Index: Type of Goods: Consumer Goods: Total for United States (PITGCG01USA661N), retrieved from FRED.