Annual
W702LC1A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.30
Year-over-Year Change
N/A%
Date Range
1/1/1952 - 1/1/1967
Summary
The Annual trend measures the annual change in the U.S. GDP Implicit Price Deflator, a key metric for tracking overall price changes in 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
The GDP Implicit Price Deflator is a comprehensive measure of inflation that captures price changes across all components of gross domestic product. It is a widely used indicator for assessing the general state of the economy and informing monetary and fiscal policy decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on GDP and related economic indicators.
Historical Context
Policymakers and analysts closely monitor this trend to gauge inflationary pressures and guide economic management.
Key Facts
- The Annual trend reached a high of 13.9% in 1974.
- The metric has averaged 2.4% annual growth over the past 20 years.
- Low and stable inflation is a key objective of the Federal Reserve's monetary policy.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the annual percent change in the GDP Implicit Price Deflator, which tracks overall price changes in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: The GDP Implicit Price Deflator is a comprehensive measure of inflation that is closely watched by policymakers, economists, and market participants to assess economic conditions and guide policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on GDP and related economic indicators.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to gauge inflationary pressures and inform monetary and fiscal policy decisions aimed at maintaining stable prices and supporting economic growth.
Q: Are there update delays or limitations?
A: The Annual data is released on a quarterly basis with a short lag, providing timely insights into broader price trends in the U.S. economy.
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Citation
U.S. Federal Reserve, Annual (W702LC1A027NBEA), retrieved from FRED.