Consumer Price Index: Total Food Excluding Restaurants for Hungary
Growth Rate Previous Period, Monthly
CPGDFD02HUM657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.77
Year-over-Year Change
-27.93%
Date Range
2/1/1980 - 5/1/2018
Summary
The Growth Rate Previous Period, Monthly measures the month-over-month change in the U.S. gross domestic product (GDP) deflator. This key inflation indicator is closely watched by economists and policymakers to assess price pressures in the broader 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
The GDP deflator is a comprehensive measure of inflation that captures changes in the prices of all goods and services produced in the United States. The growth rate of this metric provides insights into the pace of overall economic activity and can inform monetary policy decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on GDP estimates.
Historical Context
This economic trend is used by the Federal Reserve and other institutions to evaluate inflationary trends and guide policy responses.
Key Facts
- The GDP deflator is a broader measure of inflation than the Consumer Price Index (CPI).
- Month-over-month changes in the GDP deflator can signal shifts in the pace of economic expansion.
- The Federal Reserve closely monitors the GDP deflator as a gauge of overall price pressures.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period, Monthly measures the month-over-month change in the U.S. gross domestic product (GDP) deflator, a comprehensive measure of inflation in the broader economy.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the pace of overall economic activity and price pressures, which are closely watched by economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on GDP estimates.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions use the GDP deflator growth rate to evaluate inflationary trends and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The GDP deflator data is typically published on a monthly basis, with a delay of several weeks following the end of the reference period.
Related Trends
Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Hungary
HUNCPHP0400IXEBM
Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Ratio to trend for Hungary
HUNLORSGPRTSTSAM
Harmonized Index of Consumer Prices: Insurance for Hungary
CP1250HUM086NEST
Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Labor Productivity: Total for Hungary
ULQELP01HUQ661S
Composite Leading Indicators: Composite Consumer Confidence Amplitude Adjusted for Hungary
CSCICP03HUM665S
Harmonized Index of Consumer Prices: Frequent Out-of-Pocket Purchases for Hungary
FROOPPHUM086NEST
Citation
U.S. Federal Reserve, Growth Rate Previous Period, Monthly (CPGDFD02HUM657N), retrieved from FRED.