Growth Rate Same Period Previous Year, Monthly
CPGREN01G7M659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.90
Year-over-Year Change
-354.84%
Date Range
1/1/1971 - 9/1/2017
Summary
The Growth Rate Same Period Previous Year, Monthly trend measures the year-over-year change in a given economic indicator on a monthly basis. This metric is important for economists and policymakers to track changes in the broader economy over time.
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 trend represents the percent change in an economic variable compared to the same month in the previous year. It provides insight into the momentum and direction of economic growth, allowing for identification of accelerating or decelerating trends.
Methodology
The data is calculated based on month-over-month changes in the underlying economic indicator.
Historical Context
This growth rate is widely used to analyze current economic conditions and inform policy decisions.
Key Facts
- This metric is reported on a monthly basis.
- The growth rate can signal economic acceleration or deceleration.
- Policymakers monitor this trend to assess the health of the broader economy.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Same Period Previous Year, Monthly trend measures the percent change in an economic indicator compared to the same month in the prior year.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the momentum and direction of economic growth, allowing for the identification of accelerating or decelerating trends.
Q: How is this data collected or calculated?
A: The data is calculated based on month-over-month changes in the underlying economic indicator.
Q: How is this trend used in economic policy?
A: This growth rate is widely used by economists and policymakers to analyze current economic conditions and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, so there may be a delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Monthly (CPGREN01G7M659N), retrieved from FRED.