Producer Prices Index: Economic Activities: Manufacturing: Total for Colombia
Growth rate previous period, Quarterly
COLPIEAMP01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.81
Year-over-Year Change
153.84%
Date Range
10/1/1999 - 10/1/2022
Summary
The 'Growth rate previous period, Quarterly' trend measures the quarterly growth rate of the Personal Consumption Expenditures (PCE) Price Index, a key indicator of inflation in the U.S. 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 metric provides insight into the pace of price changes for household consumption, which is closely watched by policymakers and analysts to assess economic conditions and inform monetary policy decisions.
Methodology
The data is calculated based on the quarterly PCE Price Index reported by the U.S. Bureau of Economic Analysis.
Historical Context
The PCE growth rate is a primary gauge used by the Federal Reserve in setting interest rates and managing inflation.
Key Facts
- The PCE Price Index is the Federal Reserve's preferred measure of inflation.
- Quarterly PCE growth has averaged around 2% annually over the past decade.
- Persistently high PCE growth can signal the need for tighter monetary policy.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Quarterly' trend measures the quarterly percentage change in the Personal Consumption Expenditures (PCE) Price Index, a key indicator of inflation in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insight into the pace of price changes for household consumption, which is closely watched by policymakers and analysts to assess economic conditions and inform monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated based on the quarterly PCE Price Index reported by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: The PCE growth rate is a primary gauge used by the Federal Reserve in setting interest rates and managing inflation to achieve its dual mandate of price stability and maximum employment.
Q: Are there update delays or limitations?
A: The PCE data is published on a quarterly basis with a typical 1-2 month delay, so the most recent figures may not reflect the latest economic conditions.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (COLPIEAMP01GPQ), retrieved from FRED.