Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Domestic for Colombia
Growth rate same period previous year, Monthly
COLPIEAMI02GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.88
Year-over-Year Change
-43.26%
Date Range
1/1/1991 - 12/1/2022
Summary
The growth rate same period previous year, monthly measures the year-over-year change in a key economic indicator on a monthly basis. This metric is widely used by economists and policymakers to assess the momentum and direction of the economy.
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 series tracks the year-over-year growth rate of a major economic indicator on a monthly basis. It provides insight into how the economy is performing compared to the same period in the prior year, which is crucial for analyzing economic trends and informing policy decisions.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using survey responses and other economic statistics.
Historical Context
Policymakers and analysts closely monitor this metric to gauge the health and trajectory of the economy.
Key Facts
- The series is published monthly by the U.S. Bureau of Labor Statistics.
- Positive values indicate economic expansion, while negative values signal contraction.
- This metric is a leading indicator of the overall direction of the economy.
FAQs
Q: What does this economic trend measure?
A: This series measures the year-over-year growth rate of a key economic indicator on a monthly basis, providing insight into the momentum and direction of the economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to assess the health and trajectory of the economy, making it a crucial indicator for informing economic decisions and policies.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using survey responses and other economic statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this metric to gauge the overall direction of the economy and inform policy decisions, such as adjusting interest rates or fiscal measures.
Q: Are there update delays or limitations?
A: The series is published monthly with a short delay, providing timely information on the state of the economy.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (COLPIEAMI02GYM), retrieved from FRED.