Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Euro Area (19 Countries)
Growth rate same period previous year, Monthly
EA19ODCNPI03GYSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-20.42
Year-over-Year Change
-280.91%
Date Range
1/1/1995 - 8/1/2023
Summary
The 'Growth rate same period previous year, Monthly' trend measures the year-over-year percentage change in a price index for the Eurozone. This indicator is widely used by economists and policymakers to assess inflationary pressures and monitor the pace of economic recovery.
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 series tracks the annual growth rate of the Eurozone's Overall Domestic Consumer Price Index (ODCNPI), which reflects price changes for a basket of consumer goods and services. The year-over-year comparison provides insight into the rate of inflation or deflation in the Eurozone economy.
Methodology
The data is calculated from the monthly ODCNPI published by Eurostat.
Historical Context
Central banks like the European Central Bank closely monitor this inflation metric to inform monetary policy decisions.
Key Facts
- The Eurozone ODCNPI tracks a basket of over 300 consumer goods and services.
- The year-over-year growth rate helps identify persistent inflationary or deflationary trends.
- The Eurozone annual inflation rate reached a record high of 10.6% in October 2022.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Monthly' trend measures the year-over-year percentage change in the Eurozone's Overall Domestic Consumer Price Index (ODCNPI).
Q: Why is this trend relevant for users or analysts?
A: This inflation metric is widely used by economists and policymakers to assess price pressures and the pace of economic recovery in the Eurozone.
Q: How is this data collected or calculated?
A: The data is calculated from the monthly ODCNPI published by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Central banks like the European Central Bank closely monitor this inflation indicator to inform their monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly by Eurostat with a typical 2-3 week delay.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (EA19ODCNPI03GYSAM), retrieved from FRED.