Producer Prices Index: Economic activities: Energy: Total for Ireland
Growth rate same period previous year, Monthly
IRLPIEAEN01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.72
Year-over-Year Change
-98.12%
Date Range
1/1/2006 - 1/1/2018
Summary
The growth rate same period previous year, monthly measures the percent change in a specific economic indicator compared to the same month in the previous year. This metric is a key indicator of economic performance and trends.
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 growth rate metric compares a monthly economic data point to the same month a year earlier, providing insight into broader year-over-year trends. Economists and policymakers closely monitor these growth rates to understand the pace and direction of economic activity.
Methodology
The data is calculated directly from the underlying monthly economic indicator series.
Historical Context
Growth rate metrics are widely used to analyze and forecast macroeconomic conditions.
Key Facts
- Measures year-over-year percent change in a monthly economic indicator.
- Provides insight into the pace and direction of economic activity.
- Used extensively by economists and policymakers to analyze macroeconomic trends.
FAQs
Q: What does this economic trend measure?
A: This metric measures the percent change in a monthly economic indicator compared to the same month in the previous year.
Q: Why is this trend relevant for users or analysts?
A: Growth rate metrics are essential for understanding broader economic performance and trends over time.
Q: How is this data collected or calculated?
A: The data is calculated directly from the underlying monthly economic indicator series.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor growth rate trends to analyze and forecast macroeconomic conditions.
Q: Are there update delays or limitations?
A: The data is published monthly, in line with the release schedule of the underlying economic indicator.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (IRLPIEAEN01GYM), retrieved from FRED.