Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Domestic for Luxembourg
Growth rate same period previous year
LUXPIEAMI02GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.70
Year-over-Year Change
190.30%
Date Range
1/1/1996 - 12/1/2022
Summary
The 'Growth rate same period previous year' measures the year-over-year percent change in a given economic indicator. This metric is important for economists and policymakers to analyze trends and make informed decisions.
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 series tracks the annual growth rate of an economic variable compared to the same period in the previous year. It provides insight into the pace and direction of economic changes over time, which is crucial for assessing the overall health and trajectory of the economy.
Methodology
The data is calculated as the percent change between the current value and the value from the same period one year prior.
Historical Context
Policymakers and market analysts closely monitor this trend to gauge economic performance and inform policy decisions.
Key Facts
- The series is reported on a monthly basis.
- It is a widely used metric for assessing economic expansion or contraction.
- Changes in the growth rate can signal shifts in consumer demand, investment, or other key economic drivers.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year' measures the percent change in an economic indicator compared to the same period in the prior year.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the pace and direction of economic changes, which is crucial for assessing the overall health and trajectory of the economy.
Q: How is this data collected or calculated?
A: The data is calculated as the percent change between the current value and the value from the same period one year prior.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this trend to gauge economic performance and inform policy decisions.
Q: Are there update delays or limitations?
A: The series is reported on a monthly basis, with minimal delays in data availability.
Related Trends
Harmonized Index of Consumer Prices: Catering Services for Luxembourg
CP1110LUM086NEST
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Water Supply and Miscellaneous Services Relating to the Dwelling for Luxembourg
LUXCP040400GYQ
Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Luxembourg
LFEM55TTLUA647N
Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 15 to 24 Years for Luxembourg
LRAC24MALUQ156S
Infra-Annual Labor Statistics: Employees Total for Luxembourg
LFESEETTLUA647S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Luxembourg
LUXCP070000GYM
Citation
U.S. Federal Reserve, Growth rate same period previous year (LUXPIEAMI02GYM), retrieved from FRED.