Producer Prices Index: Economic activities: Manufacture of food products: Domestic for the European Union
EU28PIEAFD02GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.19
Year-over-Year Change
-165.72%
Date Range
2/1/2000 - 6/1/2020
Summary
The Producer Prices Index (PPI) for the Manufacture of Food Products in the European Union measures the changes in wholesale prices of domestically produced food products. This key indicator provides insights into inflationary pressures and the overall state of the EU's food manufacturing industry.
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 EU food manufacturing tracks price changes across a wide range of processed food products, from meat and dairy to grains and beverages. This data is a critical input for policymakers, analysts, and businesses as they monitor production costs, producer margins, and the broader economic environment.
Methodology
The PPI is calculated based on monthly surveys of a representative sample of EU food manufacturers.
Historical Context
Trends in the food PPI can have significant implications for consumer prices, trade flows, and the EU's overall economic performance.
Key Facts
- The food PPI is a key component of the EU's broader Producer Price Index.
- Domestic food prices can impact export competitiveness and trade balances.
- The PPI provides an early signal of potential changes in consumer food inflation.
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 of domestically produced food items.
Q: Why is this trend relevant for users or analysts?
A: The food PPI is a critical indicator of inflationary pressures, production costs, and the overall state of the EU's food manufacturing industry, providing important insights for policymakers, businesses, and economists.
Q: How is this data collected or calculated?
A: The PPI is calculated based on monthly surveys of a representative sample of EU food manufacturers.
Q: How is this trend used in economic policy?
A: Trends in the food PPI can inform monetary policy, trade policy, and broader economic management decisions by providing an early signal of potential changes in consumer food inflation and production costs.
Q: Are there update delays or limitations?
A: The PPI data is published monthly with a short lag, providing timely insights into the EU's food manufacturing sector.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic activities: Manufacture of food products: Domestic for the European Union (EU28PIEAFD02GPM), retrieved from FRED.