Producer Prices Index: Type of goods: Consumer goods: Total for Ireland
Growth rate same period previous year, Quarterly
IRLPITGCG01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4.58
Year-over-Year Change
-534.83%
Date Range
1/1/1996 - 10/1/2017
Summary
The 'Growth rate same period previous year, Quarterly' series measures the year-over-year growth rate of a variable on a quarterly basis. This metric is widely used by economists and policymakers to analyze economic trends and performance.
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 indicator tracks the percent change in a given economic variable compared to the same quarter in the previous year. It provides insights into the pace and direction of economic growth over time, which is crucial for informed decision-making by businesses, governments, and consumers.
Methodology
The data is calculated based on quarterly economic indicators reported by government statistical agencies.
Historical Context
Analysts use this trend to assess the overall health and trajectory of the economy, informing policy decisions and market strategies.
Key Facts
- Measures year-over-year growth rate on a quarterly basis.
- Provides insights into the pace and direction of economic growth.
- Used by economists, policymakers, and market analysts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of a variable on a quarterly basis, providing insights into the pace and direction of economic growth.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by economists, policymakers, and market analysts to assess the overall health and trajectory of the economy, which is crucial for informed decision-making.
Q: How is this data collected or calculated?
A: The data is calculated based on quarterly economic indicators reported by government statistical agencies.
Q: How is this trend used in economic policy?
A: Analysts use this trend to inform policy decisions and market strategies by providing insights into the pace and direction of economic growth.
Q: Are there update delays or limitations?
A: The data is subject to the update schedules and limitations of the underlying government statistical reports.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (IRLPITGCG01GYQ), retrieved from FRED.