Producer Prices Index: Type of goods: Durable consumer goods: Total for Ireland

Q: What does this economic trend measure?

A: This trend measures the percent change in an economic indicator compared to the same month in the previous year. It provides important context for interpreting short-term changes in the data.

Q: Why is this trend relevant for users or analysts?

A: This metric is widely used by economists and policymakers to analyze economic performance and identify longer-term patterns. It helps inform policy decisions and assessments of the broader health of the economy.

Q: How is this data collected or calculated?

A: The U.S. Federal Reserve calculates this trend based on monthly surveys and administrative records.

Q: How is this trend used in economic policy?

A: Policymakers closely monitor year-over-year growth rates to gauge the pace of economic expansion and inform interventions related to monetary policy, fiscal policy, and other economic goals.

Q: Are there update delays or limitations?

A: This data is published on a monthly basis with a typical lag of 1-2 months. There may be revisions to prior months' data as more complete information becomes available.