Gross Domestic Product: Information (51) in Florida
Annual, Not Seasonally Adjusted
FLINFONGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57,813.20
Year-over-Year Change
76.28%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' data series measures the annual inflation rate, providing a view of underlying price changes without the impact of seasonal factors.
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 inflation metric tracks the year-over-year percent change in the personal consumption expenditures (PCE) price index, a key indicator of consumer price trends used by policymakers and economists to assess the state of the economy.
Methodology
The data is calculated from the PCE price index, a measure of the average change in prices paid by consumers for a basket of goods and services.
Historical Context
Inflation data is closely monitored by the Federal Reserve and other institutions to guide monetary policy decisions.
Key Facts
- The PCE price index is the Federal Reserve's preferred inflation measure.
- Annual inflation reached a 40-year high of 9.1% in June 2022.
- The Federal Reserve aims for a 2% annual inflation target.
FAQs
Q: What does this economic trend measure?
A: This data series measures the annual percent change in the personal consumption expenditures (PCE) price index, a key indicator of consumer price inflation.
Q: Why is this trend relevant for users or analysts?
A: Inflation data is closely watched by policymakers, businesses, and consumers to understand the broader price environment and guide economic decision-making.
Q: How is this data collected or calculated?
A: The data is calculated from the PCE price index, a measure of the average change in prices paid by consumers for a basket of goods and services.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely monitors inflation data to inform monetary policy decisions aimed at maintaining price stability, which is critical for supporting sustainable economic growth.
Q: Are there update delays or limitations?
A: The annual inflation data is released monthly with a slight delay, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (FLINFONGSP), retrieved from FRED.