Producer Prices Index: Economic activities: Manufacture of food products: Domestic for the European Union
Growth rate previous period, Quarterly
EU28PIEAFD02GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.47
Year-over-Year Change
-155.09%
Date Range
4/1/2000 - 4/1/2020
Summary
The 'Growth rate previous period, Quarterly' metric measures the quarter-over-quarter change in the GDP deflator for the European Union. This provides insight into price changes across the wider EU economy.
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
The GDP deflator is a measure of the average change in prices for all goods and services produced in an economy. Tracking the quarterly growth rate of this deflator gives economists a sense of inflationary pressures and overall economic performance in the European Union.
Methodology
This series is calculated by the European Union's statistical agency, Eurostat.
Historical Context
Policymakers at the European Central Bank closely monitor this and other inflation metrics to guide monetary policy decisions.
Key Facts
- The GDP deflator accounts for changes in the prices of all goods and services produced in the economy.
- Quarterly GDP deflator growth rate reflects inflationary pressures across the European Union.
- This metric is closely watched by the European Central Bank for monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Quarterly' metric measures the quarter-over-quarter change in the GDP deflator for the European Union.
Q: Why is this trend relevant for users or analysts?
A: Tracking the quarterly growth rate of the GDP deflator gives economists insight into inflationary pressures and overall economic performance in the European Union.
Q: How is this data collected or calculated?
A: This series is calculated by the European Union's statistical agency, Eurostat.
Q: How is this trend used in economic policy?
A: Policymakers at the European Central Bank closely monitor this and other inflation metrics to guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The GDP deflator data is typically reported on a quarterly basis with a short delay.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (EU28PIEAFD02GPQ), retrieved from FRED.