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Percent Change from Year Ago
IPUJN515210U121000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.40
Year-over-Year Change
62.12%
Date Range
1/1/1988 - 1/1/2024
Summary
The Percent Change from Year Ago tracks the year-over-year change in a given economic indicator. It provides valuable insights into the pace and direction of economic growth or decline.
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 measures the percent change in an economic variable compared to the same period one year earlier. It is widely used by economists and policymakers to analyze trends and identify turning points in the business cycle.
Methodology
The Percent Change from Year Ago is calculated by taking the current value of an indicator and subtracting the value from one year ago, then dividing by the prior year value.
Historical Context
This trend is closely monitored by the Federal Reserve and other economic institutions to inform monetary policy decisions and market forecasts.
Key Facts
- The Percent Change from Year Ago can be positive or negative.
- It is calculated as the current value minus the prior year value, divided by the prior year value.
- This metric is a leading indicator of economic conditions and inflation.
FAQs
Q: What does this economic trend measure?
A: The Percent Change from Year Ago measures the year-over-year change in a given economic indicator, providing insights into the pace and direction of economic growth or decline.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to analyze trends and identify turning points in the business cycle, informing economic policy decisions and market forecasts.
Q: How is this data collected or calculated?
A: The Percent Change from Year Ago is calculated by taking the current value of an indicator and subtracting the value from one year ago, then dividing by the prior year value.
Q: How is this trend used in economic policy?
A: The Percent Change from Year Ago is closely monitored by the Federal Reserve and other economic institutions to inform monetary policy decisions and market forecasts.
Q: Are there update delays or limitations?
A: The data for the Percent Change from Year Ago is typically released on a monthly or quarterly basis, with minimal update delays.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUJN515210U121000000), retrieved from FRED.