Contributions to Percent Change in the Chain-Type Price Index for GDP by Industry: Government
CPGDPPIG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.43
Year-over-Year Change
34.37%
Date Range
4/1/2005 - 1/1/2025
Summary
The 'Contributions to Percent Change in the Chain-Type Price Index for GDP by Industry: Government' series measures the contribution of the government sector to changes in the overall price index for GDP.
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 data provides insight into the role of government spending and policies in driving overall price changes in the economy. It is used by economists and policymakers to analyze inflationary pressures and the impact of fiscal policy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on national accounts data.
Historical Context
This metric is relevant for understanding the government's influence on broader economic conditions and inflation.
Key Facts
- The government sector accounts for around 17% of GDP.
- Government spending and policies can significantly impact overall price levels.
- This data is released quarterly by the Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This metric measures the contribution of the government sector to changes in the overall price index for GDP.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the role of government spending and policies in driving inflationary pressures in the broader economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on national accounts data.
Q: How is this trend used in economic policy?
A: This metric is relevant for understanding the government's influence on overall economic conditions and inflation, which is crucial for policymakers.
Q: Are there update delays or limitations?
A: The data is released quarterly with a typical delay of several weeks after the end of the reference period.
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Citation
U.S. Federal Reserve, Contributions to Percent Change in the Chain-Type Price Index for GDP by Industry: Government (CPGDPPIG), retrieved from FRED.