Producer Prices Index: Economic Activities: Manufacture of Food Products: Total for Estonia
PIEAFD01EEM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
145.65
Year-over-Year Change
24.96%
Date Range
1/1/1997 - 12/1/2022
Summary
The Producer Prices Index: Economic Activities: Manufacture of Food Products: Total for Estonia measures changes in output prices for Estonia's food manufacturing industry. This metric is a key indicator of inflationary pressures and industrial activity.
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 average change in prices received by Estonian food producers for their products. It provides insight into cost and pricing dynamics within the country's food manufacturing sector, which is an important component of the industrial economy.
Methodology
The data is collected through surveys of food producers and calculated as a weighted index based on industry output.
Historical Context
Policymakers and analysts use this index to assess Estonia's manufacturing conditions and producer-level inflation.
Key Facts
- Estonia's food production accounts for over 15% of its total industrial output.
- The food manufacturing PPI has risen by an average of 4.2% annually over the past decade.
- Estonia's food PPI tracks closely with its overall industrial producer price index.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index: Economic Activities: Manufacture of Food Products: Total for Estonia measures changes in output prices received by food manufacturers in the country.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into cost and pricing dynamics within Estonia's food manufacturing sector, which is a key component of the country's industrial economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of food producers and calculated as a weighted index based on industry output.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess Estonia's manufacturing conditions and producer-level inflation, which informs monetary and industrial policies.
Q: Are there update delays or limitations?
A: There may be lags of several weeks or months in the reporting of this data due to the survey-based methodology.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic Activities: Manufacture of Food Products: Total for Estonia (PIEAFD01EEM661N), retrieved from FRED.