Producer Prices Index: Type of goods: Investments goods: Total for Ireland
Growth rate same period previous year, Monthly
IRLPITGVG01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4.09
Year-over-Year Change
-189.39%
Date Range
1/1/1996 - 1/1/2018
Summary
The growth rate same period previous year, monthly trend measures the year-over-year change in a specific economic indicator on a monthly basis. This metric is widely used by economists and policymakers to analyze economic performance and dynamics.
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 indicator tracks the percent change in an economic variable compared to the same month in the previous year. It provides insights into the direction and pace of economic growth over time, which is crucial for informed policy decisions and market analysis.
Methodology
The data is calculated by the U.S. Federal Reserve by comparing the current month's value to the value from the same month in the prior year.
Historical Context
This growth rate metric is closely monitored by central banks, government agencies, and financial institutions to assess macroeconomic conditions and guide policy interventions.
Key Facts
- The data is reported on a monthly basis.
- Year-over-year growth rates provide insights into the pace of economic change.
- This metric is a leading indicator of economic performance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in a specific economic indicator on a monthly basis, providing insights into the direction and pace of economic growth.
Q: Why is this trend relevant for users or analysts?
A: This growth rate metric is widely used by economists, policymakers, and market analysts to assess macroeconomic conditions and guide policy decisions and investment strategies.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve by comparing the current month's value to the value from the same month in the prior year.
Q: How is this trend used in economic policy?
A: Central banks, government agencies, and financial institutions closely monitor this growth rate metric to evaluate macroeconomic performance and inform policy interventions, such as adjustments to interest rates or fiscal measures.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, with a typical lag of several weeks between the reference month and the release of the updated figures.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (IRLPITGVG01GYM), retrieved from FRED.