Producer Prices Index: Economic Activities: Energy: Total for Estonia
Growth rate same period previous year, Monthly
ESTPIEAEN01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.72
Year-over-Year Change
-88.24%
Date Range
1/1/2003 - 12/1/2022
Summary
The 'Growth rate same period previous year, Monthly' trend measures the year-over-year change in an economic indicator on a monthly basis. This metric is widely used by economists and policymakers to analyze economic performance and identify emerging trends.
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 an economic variable, such as gross domestic product (GDP) or industrial production, compared to the same month in the previous year. It provides insight into the underlying momentum and direction of the economy over time.
Methodology
The data is calculated based on official government economic statistics.
Historical Context
Policymakers and analysts rely on this indicator to assess the health of the economy and inform policy decisions.
Key Facts
- The series is updated monthly by the U.S. Federal Reserve.
- Positive growth rates indicate an expanding economy, while negative rates signal contraction.
- This metric is used to identify turning points in the business cycle.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year change in an economic indicator on a monthly basis, providing insight into the underlying momentum and direction of the economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to analyze economic performance and identify emerging trends, which informs policy decisions and investment strategies.
Q: How is this data collected or calculated?
A: The data is calculated based on official government economic statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts rely on this indicator to assess the health of the economy and inform policy decisions, such as monetary policy, fiscal policy, and regulatory actions.
Q: Are there update delays or limitations?
A: The series is updated monthly by the U.S. Federal Reserve, with a typical delay of several weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (ESTPIEAEN01GYM), retrieved from FRED.