Consumer Price Index: Harmonised Prices: Communication (COICOP 08): Total for the Euro Area (19 Countries)
Growth rate same period previous year
EA19CPHP0800GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.20
Year-over-Year Change
-50.00%
Date Range
1/1/1997 - 1/1/2023
Summary
The 'Growth rate same period previous year' metric measures the year-over-year change in a given economic indicator, providing insight into economic trends and momentum.
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 indicator calculates the percent change in an economic variable compared to the same period in the previous year. It is a widely used metric for assessing the current state of the economy and identifying shifts in economic performance.
Methodology
The data is calculated by the statistical agency based on the underlying economic indicator.
Historical Context
This trend is closely monitored by policymakers, economists, and market participants to gauge overall economic health and guide decision-making.
Key Facts
- The growth rate can be positive or negative, indicating expansion or contraction.
- It is commonly used to analyze GDP, employment, inflation, and other key economic variables.
- Analyzing the year-over-year change helps identify long-term patterns and mitigate seasonal effects.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year' metric measures the percent change in an economic indicator compared to the same period a year earlier.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the pace and direction of economic activity, allowing policymakers and market participants to assess the current state of the economy and identify emerging trends.
Q: How is this data collected or calculated?
A: The data is calculated by the statistical agency based on the underlying economic indicator.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this trend to gauge overall economic health and make informed decisions regarding fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is typically published with a short lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate same period previous year (EA19CPHP0800GYM), retrieved from FRED.