Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Domestic for Portugal
Growth rate same period previous year, Monthly
PRTPITGND02GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.70
Year-over-Year Change
268.96%
Date Range
1/1/1996 - 12/1/2022
Summary
The Growth rate same period previous year, Monthly trend measures the year-over-year percent change in a selected economic indicator on a monthly basis. This metric is widely used by economists and policymakers to analyze economic performance and inform policy 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 data series tracks the annual growth rate of an economic variable compared to the same month in the previous year. It provides important insights into the pace and direction of economic activity over time, enabling analysts to identify emerging trends and patterns.
Methodology
The data is calculated by the U.S. Federal Reserve based on underlying economic indicators.
Historical Context
This metric is closely monitored by policymakers, investors, and market participants to gauge the health and trajectory of the U.S. economy.
Key Facts
- The data is reported on a monthly basis.
- It provides a year-over-year perspective on economic trends.
- Policymakers use this metric to inform decision-making.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in a selected economic indicator on a monthly basis, providing insights into the pace and direction of economic activity.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to analyze economic performance and inform policy decisions, as it offers a valuable perspective on the trajectory of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on underlying economic indicators.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by policymakers, investors, and market participants to gauge the health and trajectory of the U.S. economy, informing decision-making and policy interventions.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, with potential lags in data availability and potential revisions to historical figures.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (PRTPITGND02GYM), retrieved from FRED.