Producer Prices Index: Economic Activities: Energy: Domestic for Luxembourg
Growth rate same period previous year, Monthly
LUXPIEAEN02GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51.13
Year-over-Year Change
335.61%
Date Range
1/1/2001 - 12/1/2022
Summary
The 'Growth rate same period previous year, Monthly' indicator measures the year-over-year change in a selected economic variable, providing insights into the pace 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 monthly growth rate metric compares the current period's value to the same period in the previous year, offering a perspective on the momentum and direction of economic trends over time. It is a key statistic used by economists and policymakers to analyze economic performance.
Methodology
The data is calculated by the U.S. Federal Reserve based on underlying economic variables.
Historical Context
This growth rate is relevant for understanding business and consumer confidence, as well as informing monetary and fiscal policy decisions.
Key Facts
- The growth rate can be positive, negative, or zero, indicating expansion, contraction, or stagnation, respectively.
- This metric is widely used to assess the strength and direction of the overall economy.
- Policymakers closely monitor this growth rate to guide decisions on interest rates, government spending, and other economic interventions.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year change in a selected economic variable, providing insights into the pace of economic growth.
Q: Why is this trend relevant for users or analysts?
A: This growth rate metric is a key statistic used by economists and policymakers to analyze economic performance and inform decisions on monetary and fiscal policies.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on underlying economic variables.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this growth rate to guide decisions on interest rates, government spending, and other economic interventions.
Q: Are there update delays or limitations?
A: The data is published monthly, with typical release lags of a few weeks.
Related Trends
Labor Compensation: Earnings: Manufacturing: Hourly for Luxembourg
LUXLCEAMN01GPSAM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Luxembourg
LUXCPHPSE01IXOBM
Number of Identified Exporters to Luxembourg from Massachusetts
MALUXA475SCEN
Infra-Annual Labor Statistics: Employment Rate Female: From 15 to 64 Years for Luxembourg
LREM64FELUQ156N
Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 15 to 24 Years for Luxembourg
LRAC24MALUQ156S
Infra-Annual Labor Statistics: Employment Female: From 15 to 74 Years for Luxembourg
LFEM74FELUA647N
Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (LUXPIEAEN02GYM), retrieved from FRED.