Producer Prices Index: Type of Goods: Durable Consumer Goods: Domestic for Portugal
Growth rate previous period, Monthly
PRTPITGCD02GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.18
Year-over-Year Change
N/A%
Date Range
2/1/1995 - 12/1/2022
Summary
The Growth Rate Previous Period, Monthly metric measures the month-over-month change in the Producer Price Index (PPI) for finished goods. This indicator provides insight into producer-level inflationary pressures and is closely monitored by economists 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 (PPI) tracks the wholesale prices paid by producers for their outputs. The Growth Rate Previous Period, Monthly measures the rate of change in this index on a month-over-month basis, offering a timely gauge of producer-level inflation trends.
Methodology
This data is collected and calculated by the U.S. Bureau of Labor Statistics as part of the monthly PPI survey.
Historical Context
The Growth Rate Previous Period, Monthly is used by the Federal Reserve and other policymakers to assess inflationary conditions and guide monetary policy decisions.
Key Facts
- The PPI covers approximately 75% of the domestic production of goods and services.
- Producer prices typically rise before consumer prices, making the PPI a leading indicator of inflation.
- The Federal Reserve monitors the PPI closely as part of its dual mandate of price stability and maximum employment.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period, Monthly measures the month-over-month change in the Producer Price Index (PPI) for finished goods, providing insight into producer-level inflationary pressures.
Q: Why is this trend relevant for users or analysts?
A: This indicator is closely watched by economists and policymakers as a leading gauge of broader inflationary conditions in the economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics as part of the monthly Producer Price Index survey.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers use the Growth Rate Previous Period, Monthly to assess inflationary conditions and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The Growth Rate Previous Period, Monthly data is released by the Bureau of Labor Statistics on a monthly basis, with a typical lag of around two weeks.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (PRTPITGCD02GPM), retrieved from FRED.