Producer Prices Index: Economic Activities: Manufacture of Food Products: Total for Australia
PIEAFD01AUQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.58
Year-over-Year Change
12.70%
Date Range
1/1/1983 - 1/1/2023
Summary
The Producer Prices Index: Economic Activities: Manufacture of Food Products: Total for Australia measures changes in the prices received by Australian manufacturers of food products. This index is a key indicator of inflationary pressures in the food processing 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
The Producer Prices Index tracks the wholesale prices of products at the producer level, providing insights into cost pressures faced by businesses. The food manufacturing index specifically focuses on price movements for a range of processed food items, offering important context for assessing input costs and output prices throughout the supply chain.
Methodology
The data is collected through surveys of Australian food producers and manufacturers.
Historical Context
This index is used by policymakers, economists, and industry analysts to monitor inflation dynamics and guide economic decision-making.
Key Facts
- The index uses 2010 as the base year.
- Food manufacturing accounts for a significant portion of Australia's industrial output.
- Inflationary pressures in this sector can impact consumer prices and household budgets.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index: Economic Activities: Manufacture of Food Products: Total for Australia measures changes in the wholesale prices received by Australian food manufacturers.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into cost pressures and inflationary dynamics within the food processing industry, which is a crucial sector of the Australian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Australian food producers and manufacturers.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts use this index to monitor inflation and guide economic decision-making.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, with some potential for minor delays in the release of new figures.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic Activities: Manufacture of Food Products: Total for Australia (PIEAFD01AUQ661N), retrieved from FRED.