Producer Prices Index: Economic Activities: Manufacture of Food Products: Domestic for Colombia
Growth rate previous period, Monthly
COLPIEAFD02GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.23
Year-over-Year Change
-643.83%
Date Range
1/1/2007 - 8/1/2018
Summary
The Growth Rate Previous Period, Monthly metric measures the month-over-month percent change in the Personal Consumption Expenditures (PCE) Deflator, a key indicator of U.S. inflation trends.
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 PCE Deflator tracks changes in consumer prices and is a closely watched gauge of inflationary pressures. This monthly growth rate provides a timely snapshot of the pace of price movements, which is crucial for the Federal Reserve's monetary policy decisions.
Methodology
The U.S. Bureau of Economic Analysis calculates the PCE Deflator based on a comprehensive survey of consumer spending.
Historical Context
Policymakers and analysts use this metric to assess the state of the economy and guide fiscal and monetary policies.
Key Facts
- The PCE Deflator is the Federal Reserve's preferred inflation gauge.
- The monthly growth rate provides a timely signal of price pressures.
- Inflation data is crucial for the Fed's interest rate decisions.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period, Monthly measures the month-over-month percent change in the Personal Consumption Expenditures (PCE) Deflator, a key indicator of U.S. inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric is a crucial input for policymakers and economists to assess the state of the economy and guide fiscal and monetary policies.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis calculates the PCE Deflator based on a comprehensive survey of consumer spending.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely monitors this inflation gauge to inform its interest rate decisions and monetary policy actions.
Q: Are there update delays or limitations?
A: The data is released monthly by the Bureau of Economic Analysis, with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (COLPIEAFD02GPM), retrieved from FRED.