Producer Prices Index: Economic Activities: Manufacture of Food Products: Domestic for Russia
RUSPIEAFD02GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.40
Year-over-Year Change
8.17%
Date Range
1/1/2015 - 1/1/2022
Summary
The Producer Prices Index: Economic Activities: Manufacture of Food Products: Domestic for Russia measures changes in the prices received by domestic producers of food products in Russia. This index is a key indicator of inflationary pressures and producer-level economic activity in the Russian food manufacturing sector.
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 prices charged by Russian food product manufacturers selling their goods within the domestic market. It provides insight into producer-level price dynamics and can signal emerging trends in consumer food prices, production costs, and overall economic conditions.
Methodology
The data is collected through surveys of food product manufacturers and calculated as a weighted average price index.
Historical Context
Policymakers and analysts use this index to assess the state of the Russian food manufacturing industry and inflationary pressures.
Key Facts
- The index has a base year of 2010.
- Food manufacturing accounts for a significant portion of Russia's industrial output.
- Producer prices can influence retail food prices and consumer inflation.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index: Economic Activities: Manufacture of Food Products: Domestic for Russia measures monthly changes in the prices received by domestic producers of food products in Russia.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into producer-level price dynamics and can signal emerging trends in consumer food prices, production costs, and overall economic conditions in the Russian food manufacturing sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of food product manufacturers and calculated as a weighted average price index.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the state of the Russian food manufacturing industry and inflationary pressures.
Q: Are there update delays or limitations?
A: The data is published monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic Activities: Manufacture of Food Products: Domestic for Russia (RUSPIEAFD02GPM), retrieved from FRED.