Sectoral Output Price Deflator for Wholesale Trade: Merchant Wholesalers, Nondurable Goods (NAICS 424) in the United States
Percent Change from Year Ago
IPUGN424T051000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.20
Year-over-Year Change
-215.79%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' economic trend measures the annual percent change in an economic indicator, providing insights into the pace and direction of economic growth.
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 variable to its value from one year prior, expressed as a percent change. It is a widely-used indicator for analyzing trends in production, consumer prices, employment, and other key economic statistics.
Methodology
The percent change is calculated by taking the difference between the current and year-ago values, divided by the year-ago value.
Historical Context
Policymakers and analysts closely monitor this trend to assess the overall health and trajectory of the economy.
Key Facts
- The percent change from year ago can be positive, negative, or zero.
- It is a useful metric for identifying turning points in the business cycle.
- The data is published monthly by the U.S. Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual percent change in an economic indicator, comparing the current value to the value from one year prior.
Q: Why is this trend relevant for users or analysts?
A: The percent change from year ago is a widely-used indicator that provides insights into the pace and direction of economic growth, which is crucial for policymakers and market participants.
Q: How is this data collected or calculated?
A: The percent change is calculated by taking the difference between the current and year-ago values, divided by the year-ago value.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to assess the overall health and trajectory of the economy, which informs their decisions and strategies.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Federal Reserve, with a typical release lag of a few weeks.
Related Trends
Labor Compensation for Wholesale Trade: Wholesale Trade (NAICS 42) in the United States
IPUGN42L020000000
Sectoral Output for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 4242) in the United States
IPUGN4242T300000000
Sectoral Output for Wholesale Trade: Merchant Wholesalers, Durable Goods (NAICS 423) in the United States
IPUGN423T300000000
Labor Compensation for Wholesale Trade: Drugs and Druggists' Sundries Merchant Wholesalers (NAICS 424210) in the United States
IPUGN424210L020000000
Real Sectoral Output for Wholesale Trade: Electrical and Electronic Goods Merchant Wholesalers (NAICS 4236) in the United States
IPUGN4236T011000000
Employment for Wholesale Trade: Grocery and Related Product Wholesalers (NAICS 4244) in the United States
IPUGN4244W200000000
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUGN424T051000000), retrieved from FRED.