Value-Added Output Price Deflator for Private Nonfarm in Arkansas
Percent Change from Year Ago
IPUZNT051050000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.80
Year-over-Year Change
12.50%
Date Range
1/1/2008 - 1/1/2024
Summary
The 'Percent Change from Year Ago' economic trend measures the year-over-year change in a variable, providing insight into how that variable is trending over time.
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 economic indicator tracks the annual percent change in a given metric, allowing analysts to identify longer-term patterns and shifts in the data. It is a widely used measure for evaluating economic performance and guiding policy decisions.
Methodology
The percent change from year ago is calculated by taking the current value and subtracting the value from the same period one year prior, then dividing by the prior year value.
Historical Context
Policymakers and economists closely monitor these year-over-year trends to assess the overall health and direction of the economy.
Key Facts
- Tracks the year-over-year change in an economic variable.
- Provides insight into long-term patterns and shifts.
- Widely used by policymakers and analysts to assess economic performance.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' trend measures the annual percent change in a given economic variable or indicator.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant because it allows users to identify longer-term patterns and shifts in the data, which is crucial for evaluating economic performance and guiding policy decisions.
Q: How is this data collected or calculated?
A: The percent change from year ago is calculated by taking the current value and subtracting the value from the same period one year prior, then dividing by the prior year value.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor these year-over-year trends to assess the overall health and direction of the economy, which informs their policy decisions.
Q: Are there update delays or limitations?
A: The data for this trend is updated regularly by the U.S. Federal Reserve, but there may be some inherent delay in the reporting of the information.
Related Trends
Gross Domestic Product: Private Industries in Arkansas
ARPINGSP
Housing Inventory: New Listing Count Year-Over-Year in Arkansas
NEWLISCOUYYAR
State Government Tax Collections, Total Sales and Gross Receipts Taxes in Arkansas
ARSLGRTAX
All Employees: Total Nonfarm in Arkansas
SMS05000000000000026
Number of Banks in Arkansas
X08ABAR
Retail Trade Earnings in Arkansas
ARERET
Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUZNT051050000), retrieved from FRED.