Producer Prices Index: Total Nondurable Consumer Goods for the European Union
PITGND01EUQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.87
Year-over-Year Change
0.98%
Date Range
1/1/2000 - 4/1/2020
Summary
The Producer Prices Index (PPI) for Total Nondurable Consumer Goods measures changes in wholesale prices paid by producers in the European Union for nondurable consumer goods. It is a leading indicator of inflation and 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 PPI for Total Nondurable Consumer Goods tracks price changes at the producer level for a broad basket of nondurable goods consumed by households, including food, clothing, and other daily necessities. This index is used by economists and policymakers to analyze producer price trends and anticipate changes in consumer inflation.
Methodology
The data is collected through surveys of a representative sample of producers and manufacturers in the EU.
Historical Context
The PPI is a key input for the European Central Bank's monetary policy decisions.
Key Facts
- The PPI covers over 3,000 products and services in the EU.
- Nondurable goods account for about 60% of total consumer spending in the EU.
- The PPI reached a record high in 2022 amid supply chain disruptions and energy price shocks.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index for Total Nondurable Consumer Goods measures changes in wholesale prices paid by producers in the European Union for a basket of nondurable consumer goods.
Q: Why is this trend relevant for users or analysts?
A: The PPI is a leading indicator of inflation and a key input for monetary policy decisions by the European Central Bank.
Q: How is this data collected or calculated?
A: The data is collected through surveys of a representative sample of producers and manufacturers in the EU.
Q: How is this trend used in economic policy?
A: The PPI for Nondurable Goods is closely monitored by the European Central Bank to assess inflationary pressures and guide its monetary policy decisions.
Q: Are there update delays or limitations?
A: The PPI data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Producer Prices Index: Total Nondurable Consumer Goods for the European Union (PITGND01EUQ661N), retrieved from FRED.