Producer Prices Index: Type of Goods: Consumer Goods: Total for Portugal
Index 2015=100, Quarterly
PRTPITGCG01IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.86
Year-over-Year Change
21.12%
Date Range
1/1/2005 - 10/1/2022
Summary
The Producer Price Index (PPI) Commodity Data for Grains measures the wholesale prices of grain commodities in the United States on a quarterly basis. This index is a key economic indicator for monitoring producer-level inflation and price trends in the agricultural 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 PPI Grain Commodity Index tracks the average change in selling prices received by domestic producers of a variety of grain products, including wheat, corn, soybeans, and other grains. This index is used by economists, policymakers, and industry analysts to assess inflationary pressures and supply-side dynamics in the agricultural commodities market.
Methodology
The data is collected through surveys of domestic producers and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
The PPI Grain Commodity Index informs decisions by the Federal Reserve, the U.S. Department of Agriculture, and other institutions responsible for monitoring and managing agricultural production and prices.
Key Facts
- The index base year is 2015.
- Grains account for approximately 10% of the overall PPI.
- The index reached a record high in 2022 amid supply chain disruptions.
FAQs
Q: What does this economic trend measure?
A: The PPI Grain Commodity Index measures the average change in selling prices received by domestic producers of a variety of grain products, including wheat, corn, soybeans, and other grains.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator for monitoring producer-level inflation and price trends in the agricultural sector, which is crucial for understanding supply-side dynamics and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of domestic producers and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The PPI Grain Commodity Index informs decisions by the Federal Reserve, the U.S. Department of Agriculture, and other institutions responsible for monitoring and managing agricultural production and prices.
Q: Are there update delays or limitations?
A: The PPI Grain Commodity Index is published quarterly, with a typical release delay of approximately one month.
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Citation
U.S. Federal Reserve, Producer Price Index Commodity Data for Grains (PRTPITGCG01IXOBQ), retrieved from FRED.