Producer Prices Index: Economic Activities: Manufacture of Food Products: Total for Hungary
HUNPIEAFD01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.25
Year-over-Year Change
-47.84%
Date Range
2/1/1998 - 12/1/2022
Summary
The Producer Prices Index for the Manufacture of Food Products in Hungary measures changes in the prices received by domestic producers of food products. This key indicator provides insight into inflationary pressures and the overall state of the Hungarian manufacturing 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 Producer Prices Index (PPI) tracks the average change in prices received by domestic producers for their output. The Manufacture of Food Products series specifically measures price trends for the Hungarian food production industry, which is a crucial component of the country's economy.
Methodology
Data is collected through surveys of producers and calculated as a weighted index by the Hungarian Central Statistical Office.
Historical Context
PPI data is closely monitored by policymakers, economists, and businesses to gauge inflationary risks and market conditions.
Key Facts
- Hungary's food manufacturing sector accounts for over 20% of total industrial production.
- PPI for food products has risen by an average of 3.5% annually over the past decade.
- Food prices are a key driver of Hungary's overall consumer price inflation.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index for the Manufacture of Food Products in Hungary measures changes in the prices received by domestic producers of food products.
Q: Why is this trend relevant for users or analysts?
A: This PPI data provides insight into inflationary pressures and the overall state of the Hungarian manufacturing sector, which is crucial information for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of producers and calculated as a weighted index by the Hungarian Central Statistical Office.
Q: How is this trend used in economic policy?
A: PPI data is closely monitored by policymakers, economists, and businesses to gauge inflationary risks and market conditions.
Q: Are there update delays or limitations?
A: The PPI data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic Activities: Manufacture of Food Products: Total for Hungary (HUNPIEAFD01GPM), retrieved from FRED.