Producer Prices Index: Type of Goods: Investments Goods: Total for Luxembourg
Index 2015=100, Quarterly
PITGVG01LUQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.87
Year-over-Year Change
4.49%
Date Range
1/1/1980 - 10/1/2022
Summary
The Producer Price Index for Goods (PITGVG01LUQ661N) measures changes in the average selling prices received by domestic producers for their output. This index is a key indicator of inflation pressures facing businesses and policymakers.
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 (PITGVG01LUQ661N) tracks price changes for a basket of goods produced and sold in the United States. It is a widely followed metric for monitoring producer-level inflation and gauging the pipeline of potential consumer price increases.
Methodology
The data is collected through surveys of producers and calculated as a weighted index with a 2015 base year.
Historical Context
The Producer Price Index is used by the Federal Reserve and other policymakers to assess inflationary trends and inform monetary policy decisions.
Key Facts
- The index has a base year of 2015 = 100.
- Prices are measured at the producer or wholesale level.
- The index tracks price changes for a diverse basket of goods.
FAQs
Q: What does this economic trend measure?
A: The Producer Price Index for Goods (PITGVG01LUQ661N) measures changes in the average selling prices received by domestic producers for their output.
Q: Why is this trend relevant for users or analysts?
A: The PPI for Goods is a key indicator of inflation pressures facing businesses and policymakers, and is used to gauge the pipeline of potential consumer price increases.
Q: How is this data collected or calculated?
A: The data is collected through surveys of producers and calculated as a weighted index with a 2015 base year.
Q: How is this trend used in economic policy?
A: The Producer Price Index is used by the Federal Reserve and other policymakers to assess inflationary trends and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The Producer Price Index data is released monthly with a typical 2-week lag.
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Citation
U.S. Federal Reserve, Index 2015=100, Quarterly (PITGVG01LUQ661N), retrieved from FRED.