Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Domestic for Estonia
PITGND02EEM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
144.17
Year-over-Year Change
25.10%
Date Range
1/1/2002 - 12/1/2022
Summary
The Producer Prices Index (PPI) for Non-Durable Consumer Goods in Estonia measures the average change over time in the selling prices received by domestic producers for their output.
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 Non-Durable Consumer Goods in Estonia is a leading indicator of consumer price trends, providing insight into inflationary pressures at the producer level before they reach the consumer. It is closely watched by economists and policymakers.
Methodology
The data is collected through surveys of domestic producers and calculated by the Estonian statistical agency.
Historical Context
The PPI is used to inform monetary policy decisions and analyze the state of the Estonian economy.
Key Facts
- The PPI for Non-Durable Consumer Goods in Estonia has a base year of 2015.
- Estonia is a member of the European Union and uses the euro as its currency.
- Non-durable consumer goods include items like food, beverages, and household supplies.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index (PPI) for Non-Durable Consumer Goods in Estonia measures the average change in selling prices received by domestic producers for their output of non-durable consumer items.
Q: Why is this trend relevant for users or analysts?
A: The PPI for Non-Durable Consumer Goods is a leading indicator of consumer price trends, providing insight into inflationary pressures at the producer level before they reach the consumer.
Q: How is this data collected or calculated?
A: The data is collected through surveys of domestic producers and calculated by the Estonian statistical agency.
Q: How is this trend used in economic policy?
A: The PPI is used by economists and policymakers to inform monetary policy decisions and analyze the state of the Estonian economy.
Q: Are there update delays or limitations?
A: The PPI for Non-Durable Consumer Goods in Estonia is published monthly with a relatively short delay, making it a timely indicator of producer price trends.
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Citation
U.S. Federal Reserve, Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Domestic for Estonia (PITGND02EEM661N), retrieved from FRED.