Producer Prices Index: Economic Activities: Manufacturing: Total for Finland
Growth rate same period previous year, Monthly
FINPIEAMP01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.37
Year-over-Year Change
-35.38%
Date Range
1/1/1996 - 12/1/2022
Summary
The 'Growth rate same period previous year, Monthly' series measures the year-over-year percent change in the Personal Income and Outlays (PCE) price index, a key inflation indicator used by the Federal Reserve and policymakers.
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 Personal Income and Outlays (PCE) price index is a comprehensive measure of U.S. inflation that tracks changes in the prices paid by consumers for a variety of goods and services. This monthly growth rate metric compares the current month's index level to the same month in the prior year, providing insight into broader price trends.
Methodology
The data is calculated based on the PCE price index published monthly by the U.S. Bureau of Economic Analysis.
Historical Context
This inflation metric is closely monitored by the Federal Reserve and other policymakers to inform monetary policy decisions.
Key Facts
- The PCE price index is the Federal Reserve's preferred inflation measure.
- This metric has shown inflation above the Fed's 2% target in recent years.
- The growth rate data is published monthly with a short lag.
FAQs
Q: What does this economic trend measure?
A: This series measures the year-over-year percent change in the Personal Income and Outlays (PCE) price index, a comprehensive measure of U.S. consumer inflation.
Q: Why is this trend relevant for users or analysts?
A: The PCE price index and its monthly growth rate are closely watched by the Federal Reserve and policymakers as a key input for monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated based on the PCE price index published monthly by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This inflation metric is used by the Federal Reserve and other policymakers to assess price pressures and guide monetary policy actions such as interest rate adjustments.
Q: Are there update delays or limitations?
A: The growth rate data is published monthly with a short lag, typically a few weeks after the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (FINPIEAMP01GYM), retrieved from FRED.