Producer Prices Index: Type of Goods: Investments Goods: Domestic for Czech Republic
Growth rate same period previous year, Monthly
CZEPITGVG02GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.37
Year-over-Year Change
77.41%
Date Range
1/1/1995 - 12/1/2022
Summary
The growth rate same period previous year, monthly measures the year-over-year change in a selected economic indicator on a monthly basis. This trend is crucial for analyzing economic performance and informing 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 metric tracks the percent change in a variable compared to the same month in the prior year. It provides a more meaningful assessment of economic conditions than raw month-over-month changes by accounting for seasonal factors and longer-term trends.
Methodology
The data is calculated based on the month-over-month percent change in the relevant economic indicator.
Historical Context
Economists and policymakers closely monitor this growth rate to gauge the momentum and trajectory of the economy.
Key Facts
- The growth rate can signal economic acceleration or deceleration.
- Year-over-year comparisons help control for seasonal variations.
- This metric is a leading indicator of overall economic performance.
FAQs
Q: What does this economic trend measure?
A: The growth rate same period previous year, monthly tracks the percent change in a selected economic indicator compared to the same month a year earlier.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more meaningful assessment of economic conditions than raw month-over-month changes by accounting for seasonal factors and longer-term trends.
Q: How is this data collected or calculated?
A: The data is calculated based on the month-over-month percent change in the relevant economic indicator.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this growth rate to gauge the momentum and trajectory of the economy, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with typical lags in data collection and reporting.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (CZEPITGVG02GYM), retrieved from FRED.