Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Hungary
Growth rate previous period, Quarterly
HUNCP110000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.77
Year-over-Year Change
51.36%
Date Range
4/1/2007 - 7/1/2023
Summary
The 'Growth rate previous period, Quarterly' series measures the quarter-over-quarter percentage change in a selected economic indicator. This metric is crucial for economists and policymakers to analyze economic trends and inform policy decisions.
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 sequential growth rate of an economic variable on a quarterly basis. It provides insights into the pace and direction of economic changes, which is vital for understanding business cycles, consumer behavior, and the effectiveness of policy interventions.
Methodology
The data is calculated based on the percentage change between consecutive quarterly observations of the underlying economic indicator.
Historical Context
This growth rate metric is widely used by analysts, investors, and policymakers to assess the health and momentum of the economy.
Key Facts
- The series is updated quarterly by the U.S. Federal Reserve.
- Growth rates can be positive, negative, or zero, indicating economic expansion, contraction, or stagnation.
- This metric is a leading indicator of overall economic performance.
FAQs
Q: What does this economic trend measure?
A: This series measures the quarter-over-quarter percentage change in a selected economic indicator, providing insights into the pace and direction of economic changes.
Q: Why is this trend relevant for users or analysts?
A: This growth rate metric is crucial for economists and policymakers to analyze economic trends and inform policy decisions, as it helps assess the health and momentum of the economy.
Q: How is this data collected or calculated?
A: The data is calculated based on the percentage change between consecutive quarterly observations of the underlying economic indicator.
Q: How is this trend used in economic policy?
A: This growth rate metric is widely used by analysts, investors, and policymakers to assess the health and momentum of the economy, which informs policy decisions and market strategies.
Q: Are there update delays or limitations?
A: The series is updated quarterly by the U.S. Federal Reserve, so there may be a delay between the end of the reference quarter and the data release.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (HUNCP110000GPQ), retrieved from FRED.