Producer Prices Index: Type of Goods: Investments Goods: Total for Hungary
Growth rate same period previous year, Monthly
HUNPITGVG01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.35
Year-over-Year Change
143.03%
Date Range
1/1/1999 - 12/1/2022
Summary
The Growth rate same period previous year, Monthly trend measures the year-over-year change in a selected economic indicator on a monthly basis. This metric is widely used by economists and policymakers to assess economic performance and guide 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 trend represents the percent change in a specified economic variable compared to the same month in the previous year. It is a valuable tool for identifying broader trends and seasonal patterns in the economy over time.
Methodology
The data is calculated by the U.S. Federal Reserve based on underlying economic statistics.
Historical Context
Analysts and policymakers monitor this metric to understand the pace of economic growth and make informed decisions.
Key Facts
- The series dates back to January 1986.
- Values are reported as percentages.
- Data is released on a monthly basis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in a selected economic indicator on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to assess the pace of economic growth and identify broader trends in the economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on underlying economic statistics.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this metric to understand economic performance and make informed decisions about fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a short lag, providing timely insights into the state of the economy.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (HUNPITGVG01GYM), retrieved from FRED.