Producer Prices Index: Type of goods: Consumer goods: Domestic for the European Union
Growth rate same period previous year, Monthly
EU28PITGCG02GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.96
Year-over-Year Change
-29.53%
Date Range
1/1/2001 - 6/1/2020
Summary
The 'Growth rate same period previous year, Monthly' trend measures the year-over-year change in a monthly economic indicator. This metric is closely watched by economists and policymakers to assess the pace of economic activity.
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 shows the percent change in a given economic indicator compared to the same month in the previous year. Analyzing these year-over-year growth rates helps identify emerging trends and evaluate the strength of the overall economy.
Methodology
The data is calculated by the U.S. Federal Reserve based on monthly economic survey and statistical reports.
Historical Context
Policymakers and market analysts use this growth rate to inform decisions and forecasts related to monetary policy, consumer spending, and other key economic factors.
Key Facts
- The data is released monthly by the U.S. Federal Reserve.
- Year-over-year growth rates help identify emerging economic trends.
- This metric is closely watched by policymakers and market analysts.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Monthly' trend measures the percent change in a given economic indicator compared to the same month in the previous year.
Q: Why is this trend relevant for users or analysts?
A: Analyzing these year-over-year growth rates helps identify emerging economic trends and evaluate the overall strength of the economy, which is critical information for policymakers and market participants.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on monthly economic survey and statistical reports.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this growth rate to inform decisions and forecasts related to monetary policy, consumer spending, and other key economic factors.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Federal Reserve with minimal 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 (EU28PITGCG02GYM), retrieved from FRED.