Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Austria
Growth rate same period previous year, Annual
CPHPTT01ATA659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.90
Year-over-Year Change
11.54%
Date Range
1/1/1996 - 1/1/2024
Summary
The growth rate same period previous year, annual, measures the year-over-year change in a given economic indicator. This metric is widely used by economists and policymakers to analyze economic trends and inform policy decisions.
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 annual growth rate statistic compares a current economic metric to the same metric from the prior year, providing insights into the pace and direction of economic change. It is a valuable tool for assessing the performance of the overall economy, as well as specific sectors and indicators.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using established statistical methods.
Historical Context
Policymakers and analysts rely on this growth rate metric to gauge the health of the economy and inform policy interventions.
Key Facts
- The annual growth rate compares current and prior year data.
- This metric is used to assess the pace of economic expansion or contraction.
- Policymakers analyze growth rates to guide fiscal and monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The growth rate same period previous year, annual, measures the year-over-year change in a given economic indicator, such as GDP, employment, or consumer prices.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key tool for economists and policymakers to evaluate the performance of the economy and inform policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using established statistical methods.
Q: How is this trend used in economic policy?
A: Policymakers and analysts rely on this growth rate metric to gauge the health of the economy and inform policy interventions, such as adjustments to monetary or fiscal policy.
Q: Are there update delays or limitations?
A: The data is typically released on a regular schedule, but may be subject to revisions and updates by the statistical agencies providing the underlying economic indicators.
Related Trends
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Harmonized Index of Consumer Prices: Food Including Alcohol and Tobacco for Austria
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (CPHPTT01ATA659N), retrieved from FRED.