Producer Prices Index: Economic Activities: Manufacture of Food Products: Total for Hungary
Annual
PIEAFD01HUA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
148.01
Year-over-Year Change
78.58%
Date Range
1/1/1998 - 1/1/2022
Summary
The Annual trend measures the annual rate of change in personal income, a key indicator of economic growth and consumer spending in the United States.
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
Personal income is a broad measure of the total income received by individuals from various sources, including wages, salaries, rental income, and government benefits. This metric is closely watched by economists and policymakers to assess the financial health and spending power of U.S. households.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Trends in personal income are used to inform economic policy decisions and market analysis.
Key Facts
- The annual rate of change in personal income averaged 4.5% from 2010 to 2019.
- In 2020, personal income growth declined by 3.9% due to the COVID-19 pandemic.
- Consumer spending accounts for approximately 70% of U.S. GDP.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year change in personal income, which includes wages, salaries, and other sources of income for U.S. households.
Q: Why is this trend relevant for users or analysts?
A: Personal income growth is a key indicator of the financial health and spending power of U.S. consumers, which has significant implications for economic growth and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the national income and product accounts.
Q: How is this trend used in economic policy?
A: Trends in personal income are closely monitored by policymakers and economists to assess the overall state of the economy and inform decisions on fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The Annual personal income data is typically published on a monthly basis with a lag of approximately one month.
Related Trends
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Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Overall Index Excluding Energy, Food, Alcohol and Tobacco for Hungary
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Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Hungary
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Citation
U.S. Federal Reserve, Annual (PIEAFD01HUA661N), retrieved from FRED.