Producer Prices Index: Type of Goods: Consumer Goods: Total for Czech Republic
Growth rate same period previous year, Monthly
CZEPITGCG01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.00
Year-over-Year Change
502.52%
Date Range
1/1/2001 - 11/1/2022
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 assess the pace of economic expansion or contraction 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 monthly data series tracks the percent change in an economic variable compared to the same month of the prior year. It provides a snapshot of the economy's trajectory, adjusting for seasonal fluctuations and allowing for direct comparisons across time periods.
Methodology
The growth rate is calculated by the U.S. Federal Reserve as the percent change between the current month's value and the same month's value from the previous year.
Historical Context
Analysts and policymakers use this metric to inform decisions about monetary and fiscal policy based on the overall direction and speed of economic trends.
Key Facts
- The growth rate is measured on a monthly basis.
- Year-over-year comparisons adjust for seasonal effects.
- This metric provides insight into the pace of economic expansion or contraction.
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 of the prior year.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing the overall direction and speed of the economy, allowing for direct comparisons across time periods and informing policy decisions.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve calculates the growth rate as the percent change between the current month's value and the same month's value from the previous year.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to inform decisions about monetary and fiscal policy based on the overall direction and pace of economic trends.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with minimal delay, providing timely insights into the state of the economy.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (CZEPITGCG01GYM), retrieved from FRED.