Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Australia
Growth rate same period previous year
AUSCPGRSE01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.66
Year-over-Year Change
20.91%
Date Range
7/1/1975 - 1/1/2025
Summary
The growth rate same period previous year measures the year-over-year change in a given economic indicator, providing insight into long-term trends and seasonal patterns.
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 compares an economic data point to the same period from the previous year, allowing analysts to identify annual growth or decline. It is a key indicator used to understand the broader trajectory of the economy.
Methodology
The data is calculated by the Australian Bureau of Statistics based on collected economic indicators.
Historical Context
Policymakers and investors monitor this trend to gauge the overall health and direction of the Australian economy.
Key Facts
- The growth rate can be positive, negative, or zero.
- It helps identify seasonal patterns in economic data.
- Annual growth rates tend to be less volatile than quarter-over-quarter changes.
FAQs
Q: What does this economic trend measure?
A: The growth rate same period previous year measures the year-over-year change in a given economic indicator, such as GDP, employment, or consumer prices.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into long-term economic trends and allows for the identification of seasonal patterns in the data.
Q: How is this data collected or calculated?
A: The data is calculated by the Australian Bureau of Statistics based on collected economic indicators.
Q: How is this trend used in economic policy?
A: Policymakers and investors monitor this trend to gauge the overall health and direction of the Australian economy, informing decision-making and policy interventions.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedules and potential revisions as the underlying economic indicators.
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Citation
U.S. Federal Reserve, Growth rate same period previous year (AUSCPGRSE01GYQ), retrieved from FRED.