Consumer Price Index: Total Food Excluding Restaurants for Luxembourg
Growth Rate Previous Period, Monthly
CPGDFD02LUM657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.23
Year-over-Year Change
-71.76%
Date Range
1/1/1960 - 5/1/2018
Summary
The Growth Rate Previous Period, Monthly measures the month-over-month change in the U.S. gross domestic product deflator, a key indicator of overall economic growth and inflation.
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 price changes in the overall economy, including consumer and business spending. This monthly growth rate provides insights into the momentum and direction of economic expansion or contraction.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on GDP estimates.
Historical Context
This metric is closely monitored by policymakers, economists, and investors to assess the health of the U.S. economy.
Key Facts
- The GDP deflator encompasses a broader range of prices than the Consumer Price Index (CPI).
- The growth rate has averaged 0.2% per month over the past 10 years.
- Rapid changes in the deflator growth rate can signal shifts in inflationary 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 indicator of overall price levels in the economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the momentum and direction of economic growth and inflation, which are closely watched by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis as part of their GDP estimates.
Q: How is this trend used in economic policy?
A: The GDP deflator growth rate is a key input for the Federal Reserve and other policymakers in assessing inflationary pressures and making decisions on monetary policy.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Bureau of Economic Analysis, with a typical release lag of 1-2 months.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Monthly (CPGDFD02LUM657N), retrieved from FRED.