Producer Prices Index: Type of Goods: Intermediate Goods: Domestic for Luxembourg
Index 2015=100, Monthly
PITGIG02LUM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
167.30
Year-over-Year Change
7.59%
Date Range
1/1/1980 - 12/1/2022
Summary
This trend measures the producer price index (PPI) for total manufacturing excluding food and energy, with a 2015 base year, on a monthly basis. It provides insight into underlying producer-level inflationary pressures in the U.S. economy.
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 total manufacturing excluding food and energy is a key economic indicator that tracks changes in the average selling prices received by domestic producers across a range of industries. It is a closely watched metric for assessing broader manufacturing sector health and input cost inflation.
Methodology
The data is collected through surveys of domestic producers and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
This PPI trend is used by policymakers, analysts, and businesses to gauge underlying production costs and monitor economic conditions.
Key Facts
- The index has a 2015 base year.
- It excludes food and energy prices.
- Monthly data is available since 1981.
FAQs
Q: What does this economic trend measure?
A: This trend measures the producer price index (PPI) for total manufacturing, excluding food and energy, on a monthly basis with a 2015 base year.
Q: Why is this trend relevant for users or analysts?
A: The PPI for total manufacturing excluding food and energy is a key indicator of underlying inflationary pressures and manufacturing sector health in the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of domestic producers and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This PPI trend is used by policymakers, analysts, and businesses to gauge underlying production costs and monitor broader economic conditions.
Q: Are there update delays or limitations?
A: Monthly data for this PPI trend has been available since 1981 with no significant update delays.
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Citation
U.S. Federal Reserve, Index 2015=100, Monthly (PITGIG02LUM661N), retrieved from FRED.