Producer Prices Index: Economic Activities: Manufacture of Food Products: Total for Norway
PIEAFD01NOM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
154.91
Year-over-Year Change
20.54%
Date Range
1/1/1977 - 1/1/2023
Summary
The Producer Prices Index (PPI) for Manufacture of Food Products in Norway measures changes in the selling prices received by domestic producers for their output. This key economic indicator provides insights into inflationary pressures and production costs in the Norwegian food manufacturing 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 PPI for Manufacture of Food Products in Norway tracks the wholesale price dynamics of domestically produced food products. It is an important gauge of supply-side inflation and can help policymakers and analysts assess the broader economic climate and competitiveness of the Norwegian food industry.
Methodology
The data is collected through surveys of Norwegian food manufacturing companies and calculated as a weighted index by Statistics Norway.
Historical Context
This PPI trend is used by the Norges Bank and other institutions to inform monetary policy decisions and market analyses.
Key Facts
- Norway is a major global exporter of seafood and other food products.
- The food manufacturing sector accounts for over 2% of Norway's GDP.
- PPI data helps track input costs and pricing power in the Norwegian food industry.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index (PPI) for Manufacture of Food Products in Norway measures changes in the selling prices received by domestic producers for their food output.
Q: Why is this trend relevant for users or analysts?
A: This PPI trend provides insights into inflationary pressures and production costs in the Norwegian food manufacturing sector, which is an important part of the country's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Norwegian food manufacturing companies and calculated as a weighted index by Statistics Norway.
Q: How is this trend used in economic policy?
A: The PPI for Manufacture of Food Products in Norway is used by the Norges Bank and other institutions to inform monetary policy decisions and market analyses.
Q: Are there update delays or limitations?
A: The PPI data is published monthly by Statistics Norway with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic Activities: Manufacture of Food Products: Total for Norway (PIEAFD01NOM661N), retrieved from FRED.