Producer Prices Index: Domestic Intermediate Goods for the European Union
Monthly
PITGIG02EUM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.70
Year-over-Year Change
-2.38%
Date Range
1/1/1995 - 6/1/2020
Summary
The Monthly trend measures the price index for goods and services imported into the United States. It provides insight into inflationary pressures and the competitiveness of U.S. exports.
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 Monthly Imports Price Index tracks changes in the prices of a wide range of imported goods and services. It is a key indicator of imported inflationary pressures and the relative strength of the U.S. dollar in global trade.
Methodology
The data is collected through surveys of importers and compiled by the U.S. Bureau of Labor Statistics.
Historical Context
The Imports Price Index is closely monitored by policymakers, economists, and businesses to assess trade dynamics and the impact on domestic prices.
Key Facts
- The index uses 2000 as the base year.
- Petroleum and petroleum products make up a significant portion of the index.
- The index is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Monthly Imports Price Index measures changes in the prices of goods and services imported into the United States.
Q: Why is this trend relevant for users or analysts?
A: The Imports Price Index provides insight into inflationary pressures from international trade and the competitiveness of U.S. exports.
Q: How is this data collected or calculated?
A: The data is collected through surveys of importers and compiled by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Imports Price Index is closely monitored by policymakers, economists, and businesses to assess trade dynamics and the impact on domestic prices.
Q: Are there update delays or limitations?
A: The index is released monthly by the U.S. Bureau of Labor Statistics with no significant delays.
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Citation
U.S. Federal Reserve, Monthly Imports Price Index (PITGIG02EUM661N), retrieved from FRED.