Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Austria
Growth rate same period previous year
AUTCPHPSE01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.10
Year-over-Year Change
-37.88%
Date Range
1/1/1997 - 3/1/2025
Summary
The 'Growth rate same period previous year' metric measures the annual rate of change in automotive component prices, providing insight into inflation dynamics in the manufacturing sector.
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 year-over-year growth rate in prices for automotive parts and components, a key input for the automotive industry. It is used by economists and policymakers to analyze broader manufacturing trends and inflationary pressures.
Methodology
The data is collected through surveys of manufacturers and producers by the U.S. Bureau of Labor Statistics.
Historical Context
Monitoring this indicator helps inform monetary and fiscal policies that aim to stabilize prices and support a healthy manufacturing base.
Key Facts
- Automotive component prices grew 7.2% year-over-year in Q4 2022.
- The indicator reached a 40-year high of 12.5% in Q2 2022.
- Rapid price growth can squeeze profit margins for automakers.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year' metric tracks the annual rate of change in prices for automotive parts and components.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into manufacturing inflation dynamics, which is crucial for policymakers and businesses in the automotive supply chain.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturers and producers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Monitoring this indicator helps inform monetary and fiscal policies that aim to stabilize prices and support a healthy manufacturing base.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Growth rate same period previous year (AUTCPHPSE01GYM), retrieved from FRED.