Producer Prices Index: Economic Activities: Manufacture of Food Products: Domestic for Norway
PIEAFD02NOM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
146.60
Year-over-Year Change
19.97%
Date Range
1/1/1977 - 1/1/2023
Summary
The Producer Prices Index (PPI) for the Manufacture of Food Products in Norway measures the changes in wholesale prices received by domestic producers. This metric is a key indicator of inflationary pressures and production costs within Norway's food manufacturing 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
The PPI for Manufacture of Food Products tracks the average change over time in the selling prices received by Norwegian producers for their domestic output. This index provides insight into the underlying cost structure and pricing dynamics of the nation's food processing sector, which is an important component of the overall economy.
Methodology
The data is collected through surveys of Norwegian producers and calculated by Statistics Norway.
Historical Context
Policymakers and analysts use this PPI trend to assess inflationary risks and the health of the domestic food manufacturing market.
Key Facts
- Norway's food manufacturing sector accounts for over 10% of total industrial production.
- PPI data helps track changes in production costs and profit margins for food processors.
- The PPI for food products tends to lead changes in consumer food prices.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index (PPI) for the Manufacture of Food Products in Norway measures the average change in wholesale prices received by domestic producers for their output.
Q: Why is this trend relevant for users or analysts?
A: This PPI trend provides insight into inflationary pressures and cost dynamics within Norway's 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 Norwegian producers and calculated by Statistics Norway.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this PPI trend to assess inflationary risks and the health of the domestic food manufacturing market.
Q: Are there update delays or limitations?
A: The PPI data is published monthly with minimal delay, providing timely insight into producer price dynamics.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic Activities: Manufacture of Food Products: Domestic for Norway (PIEAFD02NOM661N), retrieved from FRED.