Consumer Price Index: Total Food Excluding Restaurants for Denmark
Growth Rate Same Period Previous Year, Monthly
CPGDFD02DKM659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.68
Year-over-Year Change
-61.80%
Date Range
1/1/1967 - 5/1/2018
Summary
This economic trend measures the growth rate of real Gross Domestic Product (GDP) compared to the same period in the previous year on a monthly basis. It provides an important indicator of the overall strength and direction of the U.S. 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
The 'Growth Rate Same Period Previous Year, Monthly' series tracks the year-over-year change in real GDP, which is a comprehensive measure of economic activity. This metric helps analysts and policymakers understand the pace and trajectory of economic growth.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on their monthly estimates of real GDP.
Historical Context
Economists and market participants closely monitor this trend to assess the health of the broader economy and inform policy decisions.
Key Facts
- Real GDP growth is a key measure of economic activity.
- The U.S. economy grew 3.2% year-over-year in the most recent month.
- This metric helps policymakers assess the pace of economic expansion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of real Gross Domestic Product (GDP), which is a comprehensive indicator of overall economic activity in the United States.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a crucial barometer of the health and direction of the U.S. economy, and is closely monitored by economists, policymakers, and market participants to inform their analysis and decision-making.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on their monthly estimates of real GDP.
Q: How is this trend used in economic policy?
A: Policymakers, such as the Federal Reserve, closely track this GDP growth metric to assess the strength of the economy and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The GDP growth rate data is published monthly by the Bureau of Economic Analysis, with a lag of approximately one month from the end of the reference period.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Monthly (CPGDFD02DKM659N), retrieved from FRED.