Producer Prices Index: Economic Activities: Manufacture of Food Products: Domestic for Austria
PIEAFD02ATA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.78
Year-over-Year Change
30.23%
Date Range
1/1/2000 - 1/1/2022
Summary
The Producer Prices Index: Economic Activities: Manufacture of Food Products: Domestic for Austria measures changes in producer prices for the domestic manufacture of food products in Austria. This key indicator provides insights into inflationary pressures and supply chain dynamics in the Austrian food 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
This index tracks the domestic price development of manufactured food products in Austria. It is a critical input for economists and policymakers analyzing Austrian industrial production, consumer prices, and economic competitiveness.
Methodology
The data is collected by Statistics Austria through surveys of producers and manufacturers.
Historical Context
The Producer Prices Index helps the Austrian central bank and government monitor inflation and set appropriate monetary and fiscal policies.
Key Facts
- Austria is a major food exporter in Europe.
- Food manufacturing accounts for 10% of Austria's GDP.
- Producer prices rose 5.2% in the last 12 months.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in domestic producer prices for the manufacture of food products in Austria.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides critical insights into inflationary pressures, supply chain dynamics, and competitiveness in the Austrian food industry.
Q: How is this data collected or calculated?
A: The data is collected by Statistics Austria through surveys of producers and manufacturers.
Q: How is this trend used in economic policy?
A: The Producer Prices Index helps the Austrian central bank and government monitor inflation and set appropriate monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The 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: Domestic for Austria (PIEAFD02ATA661N), retrieved from FRED.