Consumer Price Index: Total Food Excluding Restaurants for Estonia
Growth Rate Previous Period, Monthly
CPGDFD02EEM657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.84
Year-over-Year Change
-36.75%
Date Range
1/1/1998 - 5/1/2018
Summary
The 'Growth Rate Previous Period, Monthly' metric measures the monthly percentage change in a key economic indicator, providing insights into the pace of economic activity.
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 tracks the month-over-month growth rate of an important economic variable, allowing analysts to identify trends and evaluate the strength of the economy over time. It is a widely-used indicator for monitoring economic performance and guiding policymaking.
Methodology
The data is calculated from the raw economic indicator using standard statistical methods.
Historical Context
This growth rate is closely watched by policymakers, businesses, and investors to assess current and future economic conditions.
Key Facts
- The growth rate is expressed as a percentage change from the previous month.
- This metric provides a timely signal of changes in the broader economy.
- Policymakers use the growth rate to guide decisions on interest rates and fiscal policy.
FAQs
Q: What does this economic trend measure?
A: The 'Growth Rate Previous Period, Monthly' metric measures the month-over-month percentage change in a key economic indicator, such as GDP, employment, or consumer prices.
Q: Why is this trend relevant for users or analysts?
A: This growth rate is a widely-used indicator that provides valuable insights into the current state and momentum of the economy, helping inform policy decisions and investment strategies.
Q: How is this data collected or calculated?
A: The data is calculated from the raw economic indicator using standard statistical methods to derive the month-over-month percentage change.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this growth rate to assess the strength of the economy and guide decisions on interest rates, fiscal policy, and other interventions aimed at promoting economic stability and growth.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis, with a short delay to allow for collection and processing of the underlying economic indicators.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Monthly (CPGDFD02EEM657N), retrieved from FRED.