Consumer Price Index: All Items: Total: Special COICOP Series for India
Growth rate same period previous year, Monthly
INDCPALTT02GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.87
Year-over-Year Change
-28.08%
Date Range
1/1/2014 - 10/1/2023
Summary
This economic indicator measures the year-over-year growth rate of the industrial production index on a monthly basis. It provides insight into the pace of industrial activity and economic growth.
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 industrial production index tracks changes in the real output of manufacturing, mining, and electric and gas utilities industries. The year-over-year growth rate of this index is a key signal of the economy's industrial momentum and business cycle trends.
Methodology
The index is calculated by the U.S. Federal Reserve based on survey data from manufacturing and utility companies.
Historical Context
Policymakers and analysts closely monitor this indicator to assess the health of the industrial sector and broader economic conditions.
Key Facts
- The index covers approximately 75% of total industrial production.
- Manufacturing accounts for over 75% of the total industrial production index.
- The index has a base year of 2017=100.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year growth rate of the industrial production index, which tracks changes in real output across the manufacturing, mining, and utilities sectors.
Q: Why is this trend relevant for users or analysts?
A: The industrial production growth rate is a key signal of the economy's industrial momentum and business cycle trends, making it an important metric for policymakers and analysts to monitor.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve calculates the industrial production index based on survey data from manufacturing and utility companies.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this indicator to assess the health of the industrial sector and broader economic conditions, which informs their decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The industrial production data is released monthly by the Federal Reserve, with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (INDCPALTT02GYM), retrieved from FRED.