Producer Prices Index: Domestic Consumer Goods for the European Union
PITGCG02EUA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.96
Year-over-Year Change
14.61%
Date Range
1/1/2000 - 1/1/2019
Summary
The Producer Prices Index: Domestic Consumer Goods for the European Union measures the change in prices received by producers of consumer goods within the EU. This metric is a key indicator of inflationary pressures and overall economic conditions.
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 Prices Index (PPI) tracks the wholesale prices of goods and services before they reach the consumer market. The domestic consumer goods PPI specifically focuses on products sold to households within the European Union, providing insights into producer-level pricing dynamics.
Methodology
The data is collected through surveys of manufacturing and service companies across the EU member states.
Historical Context
Policymakers and analysts use this PPI data to assess production-side inflation and inform monetary and fiscal policy decisions.
Key Facts
- The PPI is a leading indicator of consumer price inflation.
- Producer prices typically change before consumer prices.
- The EU consumer goods PPI is published monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index: Domestic Consumer Goods for the European Union measures the change in wholesale prices received by producers of consumer goods sold within the EU market.
Q: Why is this trend relevant for users or analysts?
A: This PPI data provides insight into production-side inflationary pressures and is used by policymakers and economists to assess the broader economic climate.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing and service companies across the EU member states.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this PPI data to inform monetary and fiscal policy decisions aimed at managing inflation and promoting economic stability.
Q: Are there update delays or limitations?
A: The EU consumer goods PPI is published monthly by Eurostat with a typical 1-month delay.
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Citation
U.S. Federal Reserve, Producer Prices Index: Domestic Consumer Goods for the European Union (PITGCG02EUA661N), retrieved from FRED.