Consumer Price Index: Harmonized Prices: Clothing and Footwear (COICOP 03): Total for Portugal
Growth rate previous period
PRTCPHP0300GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.30
Year-over-Year Change
N/A%
Date Range
2/1/1996 - 11/1/2023
Summary
The growth rate previous period measures the quarter-over-quarter percent change in personal consumption expenditures, a key indicator of consumer spending and economic activity.
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 real percentage change in personal consumption expenditures, which accounts for over two-thirds of U.S. GDP. It is a crucial metric for assessing the health of the consumer economy and predicting broader economic trends.
Methodology
The data is calculated from the personal consumption expenditures component of the Bureau of Economic Analysis's quarterly GDP release.
Historical Context
Economists and policymakers closely monitor consumer spending as it has a significant impact on overall economic growth and inflation.
Key Facts
- Consumer spending makes up over two-thirds of U.S. GDP.
- The growth rate previous period is measured quarter-over-quarter.
- This metric is a key indicator of the health of the consumer economy.
FAQs
Q: What does this economic trend measure?
A: The growth rate previous period measures the quarter-over-quarter percent change in personal consumption expenditures, which account for the majority of U.S. economic activity.
Q: Why is this trend relevant for users or analysts?
A: This metric is a crucial indicator of consumer spending and economic health, providing insights into the strength of the consumer economy and broader GDP growth.
Q: How is this data collected or calculated?
A: The data is calculated from the personal consumption expenditures component of the Bureau of Economic Analysis's quarterly GDP release.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor consumer spending trends to assess the overall health of the economy and inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The growth rate previous period data is released quarterly as part of the Bureau of Economic Analysis's GDP report, with a typical delay of about one month.
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Citation
U.S. Federal Reserve, Growth rate previous period (PRTCPHP0300GPM), retrieved from FRED.