Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Domestic for Austria
Index 2015=100, Monthly
PITGND02ATM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.83
Year-over-Year Change
9.93%
Date Range
1/1/2000 - 12/1/2022
Summary
The Index 2015=100, Monthly measures the producer price index for goods excluding foods and energy in the United States on a monthly basis. This index is a key indicator of inflationary pressures and trends in the broader 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 Index 2015=100, Monthly tracks the changes in selling prices received by domestic producers for their output, excluding volatile food and energy components. This metric is widely used by economists and policymakers to assess underlying price dynamics and inform macroeconomic decision-making.
Methodology
The data is collected through surveys of domestic producers and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
The producer price index is closely monitored by the Federal Reserve and other agencies to evaluate the need for monetary policy adjustments.
Key Facts
- The base year for this index is 2015.
- The index excludes food and energy prices.
- Monthly data is available from 1947 to the present.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Monthly measures changes in the selling prices received by domestic producers for their outputs, excluding volatile food and energy components.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of underlying inflationary pressures in the broader economy, providing important insights for economists, policymakers, and market participants.
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: The producer price index is closely monitored by the Federal Reserve and other agencies to evaluate the need for monetary policy adjustments to maintain price stability.
Q: Are there update delays or limitations?
A: The Index 2015=100, Monthly data is published monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Index 2015=100, Monthly (PITGND02ATM661N), retrieved from FRED.