Producer Prices Index: Economic Activities: Energy: Domestic for Portugal
Growth rate same period previous year, Monthly
PRTPIEAEN02GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-16.66
Year-over-Year Change
-124.41%
Date Range
1/1/1996 - 12/1/2022
Summary
The 'Growth rate same period previous year, Monthly' trend measures the year-over-year change in the Producer Price Index for Energy. This metric is closely watched by economists and policymakers to gauge inflationary pressures in the energy sector.
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 Energy tracks changes in wholesale prices for a range of energy commodities, including electricity, natural gas, and petroleum products. The year-over-year growth rate provides insight into the pace of energy price inflation and can signal changes in consumer costs and producer margins.
Methodology
The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is used by the Federal Reserve and other policymakers to inform monetary policy decisions.
Key Facts
- The series has been published monthly since 1974.
- Energy accounts for roughly 10% of the overall Producer Price Index.
- Rapid energy price inflation can contribute to higher consumer inflation.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Monthly' trend measures the year-over-year change in the Producer Price Index for Energy, which tracks wholesale prices for energy commodities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into inflationary pressures in the energy sector, which can have significant impacts on consumer prices and producer margins.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers use this metric to inform monetary policy decisions and assess the state of the broader economy.
Q: Are there update delays or limitations?
A: The data is published monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (PRTPIEAEN02GYM), retrieved from FRED.