Producer Prices Index: Type of Goods: Consumer Goods: Total for Portugal
Index 2015=100, Monthly
PRTPITGCG01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.50
Year-over-Year Change
16.03%
Date Range
1/1/2005 - 12/1/2022
Summary
The Producer Price Index for Goods (PRTPITGCG01IXOBM) measures changes in prices received by domestic producers for their output. This key indicator provides insight into inflationary pressures 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
The Producer Price Index for Goods tracks price changes at the wholesale level, measuring the average change over time in the selling prices received by domestic producers for their output. This metric is closely monitored by economists and policymakers as an early signal of potential consumer price inflation.
Methodology
The data is collected through surveys of domestic producers and calculated as an index with a 2015 base year.
Historical Context
The PPI for Goods serves as an important leading indicator for the Federal Reserve and other institutions when evaluating the economic outlook and considering policy adjustments.
Key Facts
- The PPI for Goods has a 2015 base year of 100.
- The index is published monthly by the U.S. Bureau of Labor Statistics.
- Rising PPI can signal potential future increases in consumer prices.
FAQs
Q: What does this economic trend measure?
A: The Producer Price Index for Goods (PRTPITGCG01IXOBM) measures changes in the prices received by domestic producers for their output, providing insight into inflationary pressures in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: The PPI for Goods is a closely monitored leading indicator that helps economists and policymakers evaluate the economic outlook and consider potential policy adjustments.
Q: How is this data collected or calculated?
A: The data is collected through surveys of domestic producers and calculated as an index with a 2015 base year.
Q: How is this trend used in economic policy?
A: The PPI for Goods serves as an important indicator for the Federal Reserve and other institutions when evaluating the economic outlook and considering policy adjustments.
Q: Are there update delays or limitations?
A: The PPI for Goods data is published monthly by the U.S. Bureau of Labor Statistics with minimal update delays.
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Citation
U.S. Federal Reserve, Producer Price Index for Goods (PRTPITGCG01IXOBM), retrieved from FRED.