Producer Prices Index: Economic Activities: Total Manufacture of Food Products for the European Union
PIEAFD01EUA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.14
Year-over-Year Change
19.67%
Date Range
1/1/2000 - 1/1/2019
Summary
The Producer Prices Index: Economic Activities: Total Manufacture of Food Products for the European Union measures changes in output prices for the food manufacturing industry in the EU. This key metric helps economists assess inflationary pressures and production costs within the food 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
This index tracks the monthly changes in producer prices for a broad range of food products manufactured in the European Union. It provides insight into cost and pricing dynamics at the producer level, which can inform policy decisions and business strategies.
Methodology
The data is collected through surveys of EU-based food manufacturers and compiled by Eurostat.
Historical Context
This index is closely monitored by policymakers, analysts, and industry participants to understand supply-side inflation and production trends in the European food market.
Key Facts
- The index uses 2015 as the base year.
- Food manufacturing accounts for a significant portion of the EU's industrial output.
- Prices are tracked for both domestic and export-oriented food production.
FAQs
Q: What does this economic trend measure?
A: This index measures monthly changes in producer prices for food products manufactured in the European Union. It covers a broad range of food categories across the EU's industrial sector.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into supply-side inflation and cost dynamics within the EU's food manufacturing industry, which is an important part of the region's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of EU-based food manufacturers and compiled by Eurostat, the European Union's statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and industry participants closely monitor this index to understand inflationary pressures and production trends in the European food market, which can inform policy decisions and business strategies.
Q: Are there update delays or limitations?
A: The index is published monthly by Eurostat, with a typical release lag of around 4-6 weeks. As with any economic indicator, the data may be subject to revisions or limitations in its coverage.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic Activities: Total Manufacture of Food Products for the European Union (PIEAFD01EUA661N), retrieved from FRED.