Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for United States
Contribution to growth rate, over 1 year
USACP010000CTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.16
Year-over-Year Change
68.96%
Date Range
1/1/2010 - 12/1/2024
Summary
The 'Contribution to growth rate, over 1 year' series measures the year-over-year change in the contribution of consumption to overall GDP growth.
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 metric provides insight into the role of consumer spending in driving economic expansion or contraction. Economists and policymakers monitor it to understand the strength of domestic demand and its impact on the broader economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts data.
Historical Context
This trend is closely watched by the Federal Reserve and other institutions to inform economic policy decisions.
Key Facts
- The average value of this metric over the last 10 years is 1.3%.
- The highest annual contribution was 3.1% in 2021.
- Consumption has been the primary driver of U.S. GDP growth since the Great Recession.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year change in the contribution of personal consumption expenditures to the overall GDP growth rate.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength of domestic demand and its impact on economic expansion, which is crucial for understanding the health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts data on personal consumption expenditures and GDP.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers closely monitor this trend to inform decisions on monetary policy and assess the overall state of the economy.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Bureau of Economic Analysis, with a typical delay of 1-2 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Contribution to growth rate, over 1 year (USACP010000CTGYM), retrieved from FRED.