Producer Prices Index: Economic Activities: Manufacturing: Domestic for Czech Republic
PIEAMP02CZA659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.52
Year-over-Year Change
1205.22%
Date Range
1/1/1991 - 1/1/2022
Summary
The Producer Prices Index: Economic Activities: Manufacturing: Domestic for Czech Republic measures changes in the prices producers receive for their goods within the Czech manufacturing sector. This key indicator provides insights into inflationary pressures and the overall health of the Czech 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
This index tracks the monthly changes in the prices of products sold by Czech manufacturers. It is a leading indicator that can signal shifts in consumer demand, producer costs, and overall economic conditions. Analysts and policymakers closely monitor this index to assess the state of the Czech manufacturing industry and the broader economy.
Methodology
The data is collected through surveys of Czech manufacturing firms and calculated by the Czech Statistical Office.
Historical Context
The Producer Prices Index is used by the Czech National Bank and other institutions to inform monetary policy decisions and economic forecasting.
Key Facts
- The index has a base year of 2015.
- Prices are measured at the factory gate before any additional transport or retail costs.
- The Czech Republic is a major manufacturing hub in Central Europe.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index: Economic Activities: Manufacturing: Domestic for Czech Republic measures changes in the prices producers receive for their goods within the Czech manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures, consumer demand, and the overall health of the Czech economy. It provides important insights for analysts, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Czech manufacturing firms and calculated by the Czech Statistical Office.
Q: How is this trend used in economic policy?
A: The Producer Prices Index is used by the Czech National Bank and other institutions to inform monetary policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: The data is published monthly with minimal delays, providing timely insights into the Czech manufacturing sector.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic Activities: Manufacturing: Domestic for Czech Republic (PIEAMP02CZA659N), retrieved from FRED.