Producer Prices Index: Economic Activities: Manufacture of Food Products: Total for Czech Republic
PIEAFD01CZM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
135.40
Year-over-Year Change
24.22%
Date Range
1/1/1996 - 11/1/2022
Summary
The Producer Prices Index: Economic Activities: Manufacture of Food Products: Total for Czech Republic measures changes in the prices received by domestic producers of food products in the Czech Republic.
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 price dynamics of food manufacturing in the Czech Republic, providing insight into inflationary pressures and supply chain costs within the domestic food industry.
Methodology
The data is collected through surveys of Czech producers and calculated by the Czech Statistical Office.
Historical Context
The food producer price index is a key economic indicator monitored by policymakers and analysts for its implications on consumer price inflation.
Key Facts
- The base year for this index is 2015 = 100.
- Food products account for around 20% of the Czech consumer price index basket.
- Domestic food producer prices rose by 20% in the Czech Republic between 2020-2022.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices received by domestic producers of food products in the Czech Republic.
Q: Why is this trend relevant for users or analysts?
A: The food producer price index provides insight into inflationary pressures and supply chain costs within the Czech food industry, which is a key driver of consumer price inflation.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Czech producers and calculated by the Czech Statistical Office.
Q: How is this trend used in economic policy?
A: The food producer price index is monitored by policymakers and analysts for its implications on consumer price inflation and the overall health of the domestic food manufacturing sector.
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: Total for Czech Republic (PIEAFD01CZM661N), retrieved from FRED.