Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Switzerland
Growth rate same period previous year
CHECP050000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.19
Year-over-Year Change
301.26%
Date Range
12/1/1983 - 4/1/2025
Summary
The Growth Rate Same Period Previous Year measures the year-over-year change in consumer spending. This metric is closely watched by economists and policymakers to assess the health of the consumer 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 trend represents the annual percent change in personal consumption expenditures, which account for about two-thirds of U.S. gross domestic product. The growth rate is a key indicator of consumer demand and sentiment that helps inform monetary and fiscal policy decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on surveys of consumer spending.
Historical Context
Central banks and government agencies use this metric to monitor consumption trends and their impact on broader economic conditions.
Key Facts
- Consumer spending accounts for over 65% of U.S. GDP.
- The growth rate reached a high of 6.5% in 2021 after the pandemic.
- Negative growth indicates a contraction in consumer demand.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Same Period Previous Year measures the annual percent change in personal consumption expenditures, a key indicator of consumer spending and demand in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists, policymakers, and market analysts as consumer spending is a critical driver of overall economic growth. It helps assess the strength of the consumer economy and inform monetary and fiscal 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 surveys of consumer spending across various categories.
Q: How is this trend used in economic policy?
A: Central banks and government agencies use the growth rate in personal consumption expenditures to monitor trends in consumer demand and their impact on broader economic conditions, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis with a short lag, providing timely insights into consumer spending patterns.
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Citation
U.S. Federal Reserve, Growth rate same period previous year (CHECP050000GYM), retrieved from FRED.