Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Portugal
Growth rate same period previous year
CPALTT01PTA659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.42
Year-over-Year Change
-12.88%
Date Range
1/1/1956 - 1/1/2024
Summary
The 'Growth rate same period previous year' metric measures the year-over-year change in a key economic indicator, providing insight into the pace of economic growth or decline.
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 trend tracks the annual percent change in a specified economic variable, comparing the current period to the same period in the prior year. It is a widely used statistic that helps analysts and policymakers assess the trajectory of the economy.
Methodology
The growth rate is calculated as the percent change between the current period and the same period one year earlier.
Historical Context
This indicator is closely monitored by central banks, government agencies, and market participants to inform economic policy and investment decisions.
Key Facts
- The growth rate can signal economic expansion or contraction.
- Year-over-year comparisons account for seasonal variations.
- This metric is a key input for monetary and fiscal policy decisions.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year' metric measures the percent change in an economic indicator compared to the same period in the prior year.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insight into the pace of economic growth or decline, which is crucial for informed decision-making by policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The growth rate is calculated as the percent change between the current period and the same period one year earlier.
Q: How is this trend used in economic policy?
A: Central banks, government agencies, and market participants closely monitor this indicator to inform monetary and fiscal policy decisions, as well as investment strategies.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve, but may be subject to revisions and may not capture the most immediate economic conditions.
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Citation
U.S. Federal Reserve, Growth rate same period previous year (CPALTT01PTA659N), retrieved from FRED.