Producer Prices Index: Economic Activities: Manufacture of Food Products: Total for Hungary
Growth rate same period previous year, Monthly
HUNPIEAFD01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47.97
Year-over-Year Change
235.87%
Date Range
1/1/1999 - 12/1/2022
Summary
The Growth rate same period previous year, Monthly indicator measures the year-over-year change in a specific economic variable on a monthly basis. This metric is widely used by economists and policymakers to assess economic performance and guide policy decisions.
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 indicator tracks the percentage change in a key economic variable compared to the same month in the previous year. It provides insights into the direction and pace of economic growth, helping analysts and decision-makers understand broader economic trends and patterns.
Methodology
The data is calculated by the U.S. Federal Reserve based on underlying economic statistics.
Historical Context
Policymakers and market participants closely monitor this indicator to gauge the health of the U.S. economy and inform their decisions.
Key Facts
- The indicator is measured on a monthly basis.
- It tracks the year-over-year change in a key economic variable.
- Policymakers use this metric to guide their decisions.
FAQs
Q: What does this economic trend measure?
A: The Growth rate same period previous year, Monthly indicator measures the year-over-year change in a specific economic variable on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the direction and pace of economic growth, helping analysts and decision-makers understand broader economic trends and patterns.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on underlying economic statistics.
Q: How is this trend used in economic policy?
A: Policymakers and market participants closely monitor this indicator to gauge the health of the U.S. economy and inform their decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with potential delays in reporting due to the nature of the underlying economic statistics.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (HUNPIEAFD01GYM), retrieved from FRED.