Producer Prices Index: Economic Activities: Manufacture of Food Products: Total for Canada
PIEAFD01CAQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132.06
Year-over-Year Change
27.13%
Date Range
1/1/1960 - 10/1/2022
Summary
The Producer Prices Index (PPI) for the Manufacture of Food Products in Canada measures changes in the selling prices received by domestic producers for their output. This metric is a key indicator of inflationary pressures and production costs within the food manufacturing industry.
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 PPI for Manufacture of Food Products in Canada tracks price changes over time for goods sold at the producer or wholesale level, providing insight into supply-side inflation dynamics. This series is used by economists, policymakers, and industry analysts to assess cost and pricing conditions in the Canadian food production sector.
Methodology
The data is collected through surveys of Canadian food manufacturers and compiled by Statistics Canada.
Historical Context
The PPI is used by the Bank of Canada and other institutions to monitor inflation and inform monetary policy decisions.
Key Facts
- The PPI for Canadian food manufacturing reached a record high in 2022.
- Food production accounts for over 15% of Canada's total manufacturing output.
- Elevated producer prices in the food sector can contribute to higher consumer inflation.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index (PPI) for the Manufacture of Food Products in Canada measures changes in the selling prices received by domestic producers for their output.
Q: Why is this trend relevant for users or analysts?
A: The PPI for Canadian food manufacturing is a key indicator of inflationary pressures and production costs within the food industry, providing insights that are relevant for economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Canadian food manufacturers and compiled by Statistics Canada.
Q: How is this trend used in economic policy?
A: The PPI is used by the Bank of Canada and other institutions to monitor inflation and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The PPI data is published monthly by Statistics Canada with minimal delays.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic Activities: Manufacture of Food Products: Total for Canada (PIEAFD01CAQ661N), retrieved from FRED.