Producer Prices Index: Type of Goods: Investments Goods: Domestic for Luxembourg
Index 2015=100, Quarterly
PITGVG02LUQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.30
Year-over-Year Change
3.71%
Date Range
1/1/1980 - 10/1/2022
Summary
The Index 2015=100, Quarterly trend measures the quarterly change in producer prices for the U.S. gross domestic product. This index is a key indicator of inflationary pressures and can inform economic policymaking.
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
This producer price index tracks the average change in selling prices received by domestic producers for their output. It is a leading indicator of broader consumer price inflation and is closely monitored by economists and policymakers.
Methodology
The data is collected through surveys of producers and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
The producer price index is used to adjust other economic data for inflation and to analyze price trends across different sectors.
Key Facts
- The index uses 2015 as the base year with a value of 100.
- Producer prices rose 9.7% in 2022 compared to the prior year.
- The index tracks over 10,000 individual commodities and services.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Quarterly measures the average change in prices received by domestic producers for their goods and services.
Q: Why is this trend relevant for users or analysts?
A: This index is a leading indicator of broader consumer price inflation and provides insight into the pricing pressures facing businesses, which can inform economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of 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 used by policymakers, economists, and market analysts to assess inflationary pressures and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The producer price index data is released monthly with a lag of approximately two weeks, and there may be revisions to prior periods as more complete information becomes available.
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Citation
U.S. Federal Reserve, Index 2015=100, Quarterly (PITGVG02LUQ661N), retrieved from FRED.