Producer Prices Index: Economic Activities: Manufacture of Food Products: Total for Slovak Republic
PIEAFD01SKM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
142.31
Year-over-Year Change
29.84%
Date Range
1/1/2003 - 12/1/2022
Summary
The Producer Prices Index: Economic Activities: Manufacture of Food Products: Total for the Slovak Republic tracks changes in producer prices for the food manufacturing industry, providing insights into inflationary pressures and supply chain dynamics.
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
This index measures the monthly changes in prices received by domestic producers of food products in Slovakia. It is a key indicator of cost and supply-side inflation, which economists and policymakers use to assess the broader macroeconomic environment.
Methodology
The data is collected through surveys of manufacturing establishments in Slovakia and calculated as a weighted average of price changes.
Historical Context
Trends in this index are closely monitored by the National Bank of Slovakia and the European Central Bank to inform monetary policy decisions.
Key Facts
- The base year for this index is 2015 = 100.
- Food manufacturing accounts for over 20% of Slovakia's industrial production.
- Prices are updated and published monthly by the Statistical Office of the Slovak Republic.
FAQs
Q: What does this economic trend measure?
A: This index measures the monthly changes in prices received by domestic producers of food products in Slovakia.
Q: Why is this trend relevant for users or analysts?
A: Trends in this index provide insights into inflationary pressures and supply chain dynamics in the Slovak food manufacturing industry, which is a key sector of the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing establishments in Slovakia and calculated as a weighted average of price changes.
Q: How is this trend used in economic policy?
A: Trends in this index are closely monitored by the National Bank of Slovakia and the European Central Bank to inform monetary policy decisions.
Q: Are there update delays or limitations?
A: Prices are updated and published monthly by the Statistical Office of the Slovak Republic with no significant delays.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic Activities: Manufacture of Food Products: Total for Slovak Republic (PIEAFD01SKM661N), retrieved from FRED.