Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Total for Austria
Index 2015=100, Monthly
PITGND01ATM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.78
Year-over-Year Change
8.19%
Date Range
1/1/2000 - 12/1/2022
Summary
The Producer Price Index for Goods: Nondurable Manufacturing measures changes in the prices received by domestic producers for their output. It is a key indicator of inflationary pressures and an important input for economic policy decisions.
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 Price Index for Goods: Nondurable Manufacturing tracks price changes for a range of intermediate and final goods produced by the nondurable manufacturing sector. It is a widely followed metric for monitoring producer-level inflation and supply chain dynamics.
Methodology
The data is collected through surveys of domestic producers and calculated as a weighted index based on industry output.
Historical Context
The PPI for Nondurable Goods is closely watched by the Federal Reserve and other policymakers to assess the state of the economy and inform monetary policy.
Key Facts
- The PPI for Nondurable Goods is published monthly by the U.S. Bureau of Labor Statistics.
- The index uses 2015 as the base year with a value of 100.
- Nondurable manufacturing accounts for over a third of total U.S. industrial production.
FAQs
Q: What does this economic trend measure?
A: The Producer Price Index for Goods: Nondurable Manufacturing measures changes in the prices received by domestic producers for their output of intermediate and final nondurable goods.
Q: Why is this trend relevant for users or analysts?
A: The PPI for Nondurable Goods is a key indicator of inflationary pressures and supply chain dynamics, providing important insights for economic policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of domestic producers and calculated as a weighted index based on industry output.
Q: How is this trend used in economic policy?
A: The PPI for Nondurable Goods is closely monitored by the Federal Reserve and other policymakers to assess the state of the economy and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The PPI for Nondurable Goods is published monthly by the U.S. Bureau of Labor Statistics with a typical release lag of about two weeks.
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Citation
U.S. Federal Reserve, Producer Price Index for Goods: Nondurable Manufacturing (PITGND01ATM661N), retrieved from FRED.