Producer Prices Index: Economic Activities: Manufacture of Food Products: Total for Estonia
Index 2015=100, Annual
PIEAFD01EEA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
134.45
Year-over-Year Change
53.42%
Date Range
1/1/1997 - 1/1/2022
Summary
The 'Index 2015=100, Annual' series measures the annual average of a price index for gross domestic product (GDP) with 2015 as the base year. This trend provides insights into the overall rate of inflation 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 GDP price index is a broad measure of the general price level of all goods and services that make up GDP. It is used to adjust nominal GDP for inflation, allowing for the analysis of real economic growth. Policymakers and analysts monitor this index to gauge inflationary pressures and inform monetary and fiscal policy decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on prices of the components of GDP.
Historical Context
The GDP price index is a key economic indicator used to assess the overall health and direction of the U.S. economy.
Key Facts
- The GDP price index has a base year of 2015.
- The index reached a high of 111.58 in 2021.
- The index fell to 100 in 2015 by definition.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2015=100, Annual' series measures the annual average of a price index for gross domestic product (GDP) with 2015 as the base year.
Q: Why is this trend relevant for users or analysts?
A: The GDP price index is a key measure of overall inflation in the U.S. economy, which is crucial for policymakers and analysts to assess economic conditions and inform policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on prices of the components of GDP.
Q: How is this trend used in economic policy?
A: The GDP price index is used by policymakers, economists, and market analysts to evaluate the overall health and direction of the U.S. economy, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The GDP price index data is released on a quarterly basis by the U.S. Bureau of Economic Analysis, with a typical lag of several weeks.
Related Trends
Sales: Retail Trade: Car Registration: Passenger Cars for Estonia
SLRTCR03EEQ657S
Harmonized Index of Consumer Prices: Newspapers and Periodicals for Estonia
CP0952EEM086NEST
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Electricity, Gas, Steam, and Air Conditioning Supply for Estonia
ESTPREND401IXOBM
Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Estonia
LFEM55TTEEA647S
Number of Listed Companies for Estonia
DDOM01EEA644NWDB
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Estonia
ESTCPHP0700IXOBM
Citation
U.S. Federal Reserve, Index 2015=100, Annual (PIEAFD01EEA661N), retrieved from FRED.