Gross Domestic Product: Private Industries in Rhode Island
Annual, Not Seasonally Adjusted
RIPINGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71,866.80
Year-over-Year Change
62.50%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted trend measures the inflation rate in the United States. It is a key indicator used by economists and policymakers to gauge price stability and the overall health of the economy.
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 economic indicator tracks the annual change in the U.S. Implicit Price Deflator for Gross Private Investment, a broad measure of inflation in the private investment sector. It provides insight into the purchasing power of consumers and businesses.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using prices for a representative basket of investment goods.
Historical Context
The Annual, Not Seasonally Adjusted inflation rate is closely monitored by the Federal Reserve and other institutions to inform monetary policy decisions.
Key Facts
- The U.S. Implicit Price Deflator for Gross Private Investment is a comprehensive measure of inflation.
- The annual, not seasonally adjusted inflation rate provides a snapshot of longer-term price trends.
- Monitoring inflation is crucial for the Federal Reserve's dual mandate of price stability and maximum employment.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures the annual change in the U.S. Implicit Price Deflator for Gross Private Investment, a broad indicator of inflation in the private investment sector.
Q: Why is this trend relevant for users or analysts?
A: This inflation indicator provides important insights into the purchasing power of consumers and businesses, making it a key metric for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using prices for a representative basket of investment goods.
Q: How is this trend used in economic policy?
A: The Annual, Not Seasonally Adjusted inflation rate is closely monitored by the Federal Reserve and other institutions to inform monetary policy decisions aimed at maintaining price stability and supporting economic growth.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Bureau of Economic Analysis, with minimal delays. However, it may not capture short-term fluctuations in investment prices.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (RIPINGSP), retrieved from FRED.