Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Total for Finland
FINPIEAMI01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.51
Year-over-Year Change
-29.33%
Date Range
1/1/1996 - 12/1/2022
Summary
The Producer Prices Index for Mining and Quarrying Activities in Finland measures changes in the prices received by producers in the mining and quarrying sector. This metric provides insights into inflationary pressures and the overall health of the Finnish industrial 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
The Producer Prices Index (PPI) tracks the wholesale prices of goods and services at the producer level before reaching the consumer. The Mining and Quarrying Activities segment specifically measures price changes for the extraction of minerals, coal, oil, and gas. This index is a key economic indicator for policymakers and analysts monitoring industrial production and cost pressures.
Methodology
The data is collected through monthly surveys of companies in the mining and quarrying industries.
Historical Context
The PPI for Mining and Quarrying is used by the Bank of Finland and other institutions to assess macroeconomic conditions and inform policy decisions.
Key Facts
- Finland is a major producer of metals, minerals, and industrial materials.
- The mining and quarrying sector accounts for around 1.5% of Finland's GDP.
- PPI data helps track inflationary trends in the industrial economy.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index for Mining and Quarrying Activities in Finland measures changes in the wholesale prices received by producers in the mining and quarrying sector.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into inflationary pressures and the overall health of the Finnish industrial economy, which is important for policymakers and analysts monitoring macroeconomic conditions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of companies in the mining and quarrying industries.
Q: How is this trend used in economic policy?
A: The PPI for Mining and Quarrying is used by the Bank of Finland and other institutions to assess macroeconomic conditions and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a short lag and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Total for Finland (FINPIEAMI01GYM), retrieved from FRED.