Producer Prices Index: Type of Goods: Durable Consumer Goods: Total for Switzerland
Growth rate same period previous year, Monthly
CHEPITGCD01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.32
Year-over-Year Change
17.52%
Date Range
5/1/2004 - 12/1/2022
Summary
The growth rate same period previous year, monthly trend measures the year-over-year change in a specific economic indicator on a monthly basis. This metric is important for economists and policymakers to understand the current state and trajectory 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 trend represents the year-on-year percent change in a monthly economic indicator, providing insights into the pace of economic growth or contraction over time. It is a widely used statistic for analyzing economic performance and informing policy decisions.
Methodology
The data is calculated by the U.S. Federal Reserve based on reported monthly economic figures.
Historical Context
Policymakers and market analysts closely monitor this trend to assess the overall health of the economy and make informed decisions.
Key Facts
- The trend is reported on a monthly basis.
- It measures the percent change from the same month in the previous year.
- The data is collected and published by the U.S. Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in a monthly economic indicator, providing insights into the pace of economic growth or contraction.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by economists and policymakers to assess the overall health and trajectory of the economy, informing decision-making and policy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on reported monthly economic figures.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this trend to evaluate economic performance and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, with minimal delays, and provides a comprehensive view of economic growth trends.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (CHEPITGCD01GYM), retrieved from FRED.