Producer Prices Index: Type of Goods: Durable Consumer Goods: Domestic for Portugal
Growth rate same period previous year, Monthly
PRTPITGCD02GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.89
Year-over-Year Change
144.83%
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 Intermediate Demand - Processed Goods. This helps economists and policymakers understand price pressures and producer inflation in the U.S. economy.
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 series tracks the monthly percentage change in the Producer Price Index for Intermediate Demand - Processed Goods compared to the same month in the previous year. It provides insights into producer-level inflationary pressures and is used to analyze business and supply chain conditions.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on surveys of producer prices.
Historical Context
This trend is closely monitored by the Federal Reserve and other economic policymakers for insights into the state of the broader economy.
Key Facts
- The series has data from January 1978 to the present.
- Positive values indicate rising producer prices year-over-year.
- The index is a leading indicator of consumer price inflation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percentage change in the Producer Price Index for Intermediate Demand - Processed Goods, providing insights into producer-level inflation.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding business and supply chain conditions, as well as broader inflationary pressures 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 based on surveys of producer prices.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Federal Reserve and other policymakers for insights into the state of the broader economy and to inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with no major update delays, providing timely information on producer price trends.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (PRTPITGCD02GYM), retrieved from FRED.