Producer Prices Index: Economic Activities: Manufacture of Food Products: Domestic for Euro Area (19 Countries)
PIEAFD02EZM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
133.60
Year-over-Year Change
19.18%
Date Range
1/1/1995 - 12/1/2022
Summary
The Producer Prices Index (PPI) for the Manufacture of Food Products in the Euro Area measures changes in prices received by domestic producers of food products. This key economic indicator provides 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
The PPI for Manufacture of Food Products is a monthly index that tracks price movements of food products sold by domestic producers in the Euro Area. It serves as an important gauge of producer-level inflation and can signal changes in costs that may be passed on to consumers.
Methodology
The data is collected through surveys of a representative sample of businesses in the food manufacturing sector across the Euro Area.
Historical Context
Policymakers and market analysts closely monitor the PPI for Manufacture of Food Products to assess price pressures and their potential impact on consumer inflation.
Key Facts
- The Euro Area PPI for Food Products uses 2015 as its base year.
- Food manufacturing accounts for over 15% of industrial production in the Euro Area.
- Prices in the sector have risen 20% since 2015.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index (PPI) for the Manufacture of Food Products in the Euro Area 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 serves as an important gauge of producer-level inflation in the food manufacturing sector, providing insights into cost pressures and their potential impact on consumer prices.
Q: How is this data collected or calculated?
A: The data is collected through surveys of a representative sample of businesses in the food manufacturing sector across the Euro Area.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor the PPI for Manufacture of Food Products to assess price pressures and their potential impact on consumer inflation.
Q: Are there update delays or limitations?
A: The PPI for Manufacture of Food Products is published monthly, with a typical release lag of several weeks.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic Activities: Manufacture of Food Products: Domestic for Euro Area (19 Countries) (PIEAFD02EZM661N), retrieved from FRED.