Consumer Price Index: Total Food Excluding Restaurants for the United States
Growth Rate Same Period Previous Year, Monthly
CPGDFD02USM659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.14
Year-over-Year Change
-182.96%
Date Range
1/1/1960 - 5/1/2018
Summary
This economic trend measures the year-over-year growth rate of the US Gross Domestic Product (GDP) on a monthly basis. It provides timely insights into the pace of overall economic expansion or contraction.
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 Growth Rate Same Period Previous Year, Monthly trend tracks the change in GDP compared to the same month in the prior year. This metric is widely used by economists and policymakers to assess the health and trajectory of the broader US economy.
Methodology
The data is calculated by the US Bureau of Economic Analysis using GDP figures collected through surveys and administrative records.
Historical Context
Analysts and institutions closely monitor this trend to inform macroeconomic forecasting and policy decisions.
Key Facts
- The trend reached a low of -31.2% in Q2 2020 during the COVID-19 pandemic.
- The all-time high for this metric was 13.9% in Q1 1984.
- GDP growth rates are a key input for the Federal Reserve's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of the US Gross Domestic Product (GDP) on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides timely insights into the pace of overall economic expansion or contraction, which is crucial for economic forecasting and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the US Bureau of Economic Analysis using GDP figures collected through surveys and administrative records.
Q: How is this trend used in economic policy?
A: Analysts and institutions closely monitor this trend to inform macroeconomic forecasting and policy decisions, such as the Federal Reserve's monetary policy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be slight delays in reporting due to the complexity of GDP calculations.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Monthly (CPGDFD02USM659N), retrieved from FRED.