Producer Prices Index: Economic Activities: Manufacture of Food Products: Domestic for Switzerland
Growth rate same period previous year, Monthly
CHEPIEAFD02GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.34
Year-over-Year Change
508.22%
Date Range
5/1/2004 - 12/1/2022
Summary
This monthly economic indicator measures the year-over-year growth rate of U.S. personal consumption expenditures, a key component of GDP and a vital indicator of consumer spending and economic health.
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 growth rate same period previous year provides insight into the annual change in consumer spending, helping economists and policymakers assess the strength and momentum of the broader economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is closely watched by the Federal Reserve and other institutions for its implications on inflation, monetary policy, and the overall economic outlook.
Key Facts
- The latest annual growth rate is XX.X%.
- Consumer spending accounts for roughly XX% of U.S. GDP.
- This indicator is released monthly by the Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This monthly indicator measures the year-over-year growth rate of U.S. personal consumption expenditures (PCE), which includes spending by households on goods and services.
Q: Why is this trend relevant for users or analysts?
A: The growth rate in consumer spending is a vital signal of economic health and consumer confidence, providing insight into the overall momentum and direction of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis, a division of the Department of Commerce.
Q: How is this trend used in economic policy?
A: This indicator is closely watched by the Federal Reserve and other policymakers as it informs decisions around monetary policy, interest rates, and the broader economic outlook.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of around 4-6 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (CHEPIEAFD02GYM), retrieved from FRED.