Sectoral Output Price Deflator for Retail Trade: Tire Dealers (NAICS 441320) in the United States
Percent Change from Year Ago
IPUHN441320T051000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.80
Year-over-Year Change
-74.19%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' economic trend measures the annual rate of change in a given indicator, providing insight into economic growth and consumer behavior.
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 calculates the percent change between the current period and the same period one year prior, allowing analysts to identify year-over-year trends. It is widely used to track movements in production, consumption, and other key economic variables.
Methodology
The percent change is calculated by the U.S. Federal Reserve using standard statistical methods.
Historical Context
Policymakers and investors closely monitor this indicator to assess the overall health and trajectory of the economy.
Key Facts
- The percent change can be positive, negative, or zero.
- This metric is seasonally adjusted to account for regular fluctuations.
- Percent change is a widely used economic indicator for monitoring economic trends.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' metric measures the annual rate of change in a given economic indicator, such as industrial production or consumer spending.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the overall health and direction of the economy, helping policymakers and investors assess economic growth and consumer behavior.
Q: How is this data collected or calculated?
A: The percent change is calculated by the U.S. Federal Reserve using standard statistical methods.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this indicator to gauge the state of the economy and inform policy decisions related to monetary policy, fiscal policy, and economic regulation.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly or quarterly basis, with a short delay to allow for data collection and processing.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUHN441320T051000000), retrieved from FRED.