Consumer Price Index: Total Food Excluding Restaurants for the United States
Growth Rate Same Period Previous Year, Quarterly
CPGDFD02USQ659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.65
Year-over-Year Change
-75.99%
Date Range
1/1/1960 - 1/1/2018
Summary
This economic trend measures the year-over-year growth rate of the U.S. Gross Domestic Product (GDP), calculated on a quarterly basis. It provides insight into the pace of economic expansion or contraction over the prior year.
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 GDP growth rate is a key indicator of a country's economic performance. It reflects the change in the total value of goods and services produced within the United States, adjusted for inflation. Economists and policymakers closely monitor this metric to assess the overall health of the economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
The GDP growth rate is a widely referenced benchmark for evaluating macroeconomic conditions and informing monetary and fiscal policy decisions.
Key Facts
- The U.S. GDP grew by 2.6% in the fourth quarter of 2022.
- GDP growth is a primary indicator of a country's economic health.
- The GDP growth rate is published by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of the U.S. Gross Domestic Product (GDP) on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a key indicator of a country's economic performance and provides insights into the pace of economic expansion or contraction.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: The GDP growth rate is a widely referenced benchmark for evaluating macroeconomic conditions and informing monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The GDP growth rate data is typically published on a quarterly basis, with a short delay after the end of each quarter.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Quarterly (CPGDFD02USQ659N), retrieved from FRED.