Producer Prices Index: Economic Activities: Manufacture of Food Products: Domestic for Estonia
ESTPIEAFD02GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.07
Year-over-Year Change
210.29%
Date Range
1/1/2003 - 12/1/2022
Summary
The Producer Prices Index for the Manufacture of Food Products in Estonia measures changes in domestic producer prices for the food production industry. This metric is a key indicator of industrial cost pressures and can inform economic policymaking.
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 Producer Prices Index (PPI) tracks the average change in prices received by domestic producers for their output. The Manufacture of Food Products index specifically focuses on the food processing sector, providing insights into inflationary trends and supply chain dynamics within this important industry.
Methodology
The data is collected through surveys of Estonian manufacturers and calculated by Estonia's statistical agency.
Historical Context
The PPI for food production is closely monitored by the central bank and government to assess overall producer price inflation and its potential impact on consumer prices.
Key Facts
- The index has a base year of 2015 = 100.
- Food manufacturing accounts for over 15% of Estonia's industrial output.
- Producer prices for Estonian food products have risen over 20% since 2015.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index for the Manufacture of Food Products in Estonia measures changes in domestic producer prices for the food processing industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into inflationary pressures and supply chain dynamics within Estonia's critical food manufacturing sector, which is closely watched by policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Estonian manufacturers and calculated by the country's statistical agency.
Q: How is this trend used in economic policy?
A: The PPI for food production is monitored by Estonia's central bank and government to assess overall producer price inflation and its potential impact on consumer prices.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic Activities: Manufacture of Food Products: Domestic for Estonia (ESTPIEAFD02GYM), retrieved from FRED.