Producer Prices Index: Economic activities: Manufacture of food products: Total for the European Union
EU28PIEAFD01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.75
Year-over-Year Change
-195.79%
Date Range
4/1/2000 - 4/1/2020
Summary
The Producer Prices Index (PPI) for the Manufacture of Food Products in the European Union measures changes in wholesale prices received by domestic producers. It is a key indicator of inflationary pressures and overall economic conditions.
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 for the Manufacture of Food Products tracks price movements for a range of food-related goods and services produced in the EU. It is used by economists, policymakers, and businesses to analyze production costs, inflation, and competitiveness within the food manufacturing industry.
Methodology
The data is collected through surveys of domestic producers and calculated as an index based on a reference year.
Historical Context
The PPI for food manufacturing is closely monitored by the European Central Bank and other institutions in assessing price stability and setting appropriate monetary policies.
Key Facts
- The PPI for EU food manufacturing uses 2015 as the base year.
- Food production accounts for a significant portion of the overall PPI in the EU.
- Monitoring the PPI helps policymakers track cost pressures in the food supply chain.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index (PPI) for the Manufacture of Food Products in the European Union measures changes in wholesale prices received by domestic producers of food-related goods and services.
Q: Why is this trend relevant for users or analysts?
A: The PPI for food manufacturing is a key indicator of inflationary pressures and economic conditions within the EU, helping policymakers, businesses, and analysts assess production costs, pricing, and competitiveness in the food industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of domestic producers and calculated as an index based on a reference year.
Q: How is this trend used in economic policy?
A: The PPI for food manufacturing is closely monitored by the European Central Bank and other institutions in assessing price stability and setting appropriate monetary policies.
Q: Are there update delays or limitations?
A: The PPI data is published on a monthly basis, but there may be some delays in data availability or limitations in the scope of products covered.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic activities: Manufacture of food products: Total for the European Union (EU28PIEAFD01GPQ), retrieved from FRED.