Producer Prices Index: Type of Goods: Consumer Goods: Domestic for Portugal
Growth rate same period previous year, Quarterly
PRTPITGCG02GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.93
Year-over-Year Change
964.10%
Date Range
1/1/1996 - 10/1/2022
Summary
The 'Growth rate same period previous year, Quarterly' series measures the year-over-year growth rate of a given economic indicator on a quarterly basis. This metric is closely watched by economists and policymakers to assess the pace of economic activity and inflationary pressures.
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 indicator tracks the percent change in an economic variable compared to the same quarter in the previous year. It provides insight into the momentum and trajectory of the economy, allowing for more nuanced analysis beyond just quarter-over-quarter changes.
Methodology
The data is calculated by the U.S. Federal Reserve using standard statistical methods.
Historical Context
This growth rate metric is utilized by central banks, government agencies, and private analysts to inform macroeconomic policy decisions and investment strategies.
Key Facts
- The series dates back to 1947.
- Growth rates can signal a potential shift in the business cycle.
- Quarterly year-over-year data reduces the impact of seasonal factors.
FAQs
Q: What does this economic trend measure?
A: This series measures the year-over-year growth rate of an economic indicator on a quarterly basis, providing insight into the momentum and trajectory of the economy.
Q: Why is this trend relevant for users or analysts?
A: The year-over-year growth rate is closely watched by economists and policymakers to assess the pace of economic activity and inflationary pressures, which informs macroeconomic policy decisions and investment strategies.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using standard statistical methods.
Q: How is this trend used in economic policy?
A: This growth rate metric is utilized by central banks, government agencies, and private analysts to inform macroeconomic policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with minimal delays, providing timely insights into the state of the economy.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (PRTPITGCG02GYQ), retrieved from FRED.