Producer Prices Index: Type of Goods: Consumer Goods: Domestic for Czech Republic
Growth rate same period previous year, Monthly
CZEPITGCG02GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.25
Year-over-Year Change
422.19%
Date Range
1/1/1996 - 12/1/2022
Summary
The Growth Rate Same Period Previous Year, Monthly trend measures the year-over-year change in a selected economic indicator on a monthly basis. This metric provides insight into the direction and pace of economic growth 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 data series calculates the percent change in a given economic variable compared to the same month in the prior year. It is a widely used indicator of economic performance and momentum that helps analysts and policymakers evaluate the health and trajectory of the economy.
Methodology
The growth rate is computed from the underlying monthly data using standard statistical methods.
Historical Context
Economists and market participants closely monitor this and related growth trends to inform assessments of overall economic conditions and policy decisions.
Key Facts
- Measures year-over-year change in a key economic variable
- Provides insight into the pace and direction of economic expansion
- Widely used by economists and policymakers to assess economic performance
FAQs
Q: What does this economic trend measure?
A: This data series calculates the percent change in a given economic variable compared to the same month in the prior year, providing a measure of year-over-year growth.
Q: Why is this trend relevant for users or analysts?
A: The growth rate trend is a widely used indicator that helps analysts and policymakers evaluate the health and trajectory of the overall economy by assessing the pace and direction of economic expansion over time.
Q: How is this data collected or calculated?
A: The growth rate is computed from the underlying monthly data using standard statistical methods.
Q: How is this trend used in economic policy?
A: Economists and market participants closely monitor this and related growth trends to inform assessments of overall economic conditions and guide policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with typical release lags, and may be subject to revisions as more complete information becomes available.
Related Trends
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (CZEPITGCG02GYM), retrieved from FRED.