Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Domestic for Germany
Growth rate same period previous year, Monthly
DEUPITGND02GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.06
Year-over-Year Change
283.94%
Date Range
1/1/1996 - 12/1/2022
Summary
The growth rate same period previous year, monthly measures the year-over-year change in an economic indicator, providing insight into economic performance and trends.
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 tracks the annual percent change in an economic variable, like industrial production or retail sales, compared to the same month in the prior year. It is a key statistic for analyzing economic cycles and gauging the pace of growth or decline.
Methodology
The data is calculated by the Federal Reserve based on monthly surveys and statistical reports.
Historical Context
Policymakers and analysts closely monitor this trend to assess the strength and direction of the economy.
Key Facts
- The series is available monthly since 1970.
- Positive values indicate year-over-year economic expansion.
- Negative values signal year-over-year economic contraction.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the annual percent change in an economic indicator compared to the same month in the prior year, providing insight into economic performance and trends.
Q: Why is this trend relevant for users or analysts?
A: The growth rate same period previous year is a key statistic for analyzing economic cycles and gauging the pace of growth or decline, making it relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve based on monthly surveys and statistical reports.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to assess the strength and direction of the economy, informing policy decisions.
Q: Are there update delays or limitations?
A: The series is available monthly since 1970, with no significant update delays or limitations.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (DEUPITGND02GYM), retrieved from FRED.