Sectoral Output Price Deflator for Utilities: Utilities (NAICS 22) in the United States
Percent Change from Year Ago
IPUCN22T051000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.30
Year-over-Year Change
-89.29%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' economic trend measures the year-over-year change in a given economic indicator. It is a widely used metric for analyzing economic growth and inflation.
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 compares the current value of an economic indicator to its value from the same period a year earlier. It provides insight into the pace and direction of economic change, which is crucial for policymakers and analysts.
Methodology
The percent change is calculated by comparing the current period's value to the corresponding prior-year period's value.
Historical Context
This trend is closely monitored by the Federal Reserve and other institutions to gauge the overall health of the economy.
Key Facts
- Year-over-year percent changes can signal economic acceleration or deceleration.
- This metric is widely used to track inflation and consumer spending trends.
- The Federal Reserve closely monitors year-over-year changes to guide monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric measures the rate of change in an economic indicator compared to the same period a year earlier.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important context for understanding the pace and direction of economic growth, which is crucial information for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The percent change is calculated by comparing the current period's value to the corresponding prior-year period's value.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely monitor year-over-year changes in economic indicators to gauge inflationary pressures and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the percent change metric can be affected by base effects or seasonal adjustments.
Related Trends
Employment for Utilities: Utilities (NAICS 22) in the United States
IPUCN22W010000000
Hours Worked for Utilities: Water, Sewage and Other Systems (NAICS 2213) in the United States
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Output per Worker for Utilities: Water, Sewage and Other Systems (NAICS 2213) in the United States
IPUCN2213W000000000
Labor Compensation for Utilities: Natural Gas Distribution (NAICS 2212) in the United States
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Hours Worked for Utilities: Utilities (NAICS 22) in the United States
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Labor Productivity for Utilities: Natural Gas Distribution (NAICS 2212) in the United States
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUCN22T051000000), retrieved from FRED.