PADD III (Gulf Coast District) Diesel Sales Price
Annual
GASDESGCA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.46
Year-over-Year Change
-10.81%
Date Range
1/1/1995 - 1/1/2024
Summary
The 'Annual' economic trend measures the annual rate of change in the Gross Domestic Product (GDP) deflator. This metric is a key indicator of overall price levels and inflation in the U.S. 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 broad measure of price changes across the entire economy, not just consumer prices. It tracks the prices of all goods and services that contribute to GDP. This comprehensive inflation indicator is crucial for assessing the purchasing power of economic output.
Methodology
The GDP deflator is calculated by the U.S. Bureau of Economic Analysis (BEA) based on prices of the components of GDP.
Historical Context
The Annual GDP deflator trend is closely watched by the Federal Reserve and other policymakers to guide monetary policy decisions.
Key Facts
- The GDP deflator measures a broader set of prices than the Consumer Price Index (CPI).
- The GDP deflator increased 3.9% in 2022, indicating higher overall inflation in the economy.
- The Federal Reserve targets 2% annual inflation based on the Personal Consumption Expenditures (PCE) price index.
FAQs
Q: What does this economic trend measure?
A: The 'Annual' trend measures the year-over-year change in the Gross Domestic Product (GDP) deflator, a broad gauge of overall price levels in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: The GDP deflator is a crucial indicator used by policymakers, economists, and investors to assess the real purchasing power of economic output and guide monetary policy decisions.
Q: How is this data collected or calculated?
A: The GDP deflator is calculated by the U.S. Bureau of Economic Analysis (BEA) based on the prices of the components that make up Gross Domestic Product.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers closely monitor the GDP deflator trend to inform monetary policy decisions aimed at maintaining stable prices and maximum employment.
Q: Are there update delays or limitations?
A: The GDP deflator data is published quarterly by the BEA, with a delay of approximately one month after the end of each quarter.
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Citation
U.S. Federal Reserve, Annual (GASDESGCA), retrieved from FRED.