Producer Prices Index: Type of Goods: Consumer Goods: Domestic for Luxembourg
Growth rate same period previous year, Monthly
LUXPITGCG02GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.58
Year-over-Year Change
72.48%
Date Range
1/1/1996 - 12/1/2022
Summary
The growth rate same period previous year, monthly trend measures the year-over-year change in a macroeconomic indicator on a monthly basis. This metric provides valuable insights into the pace and direction of economic activity.
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 represents the percent change in a variable compared to the same month of the previous year. It is widely used by economists and policymakers to analyze economic performance and identify emerging trends across various sectors.
Methodology
The data is calculated by the U.S. Federal Reserve using standard statistical methods.
Historical Context
This metric is closely monitored by financial markets, central banks, and government agencies to inform economic policy decisions.
Key Facts
- The growth rate can be positive, negative, or zero, indicating expansion, contraction, or stagnation, respectively.
- This metric is seasonally adjusted to account for regular fluctuations in economic activity.
- The data is released on a monthly basis, providing timely insights into the state of the economy.
FAQs
Q: What does this economic trend measure?
A: The growth rate same period previous year, monthly trend measures the year-over-year percent change in a macroeconomic variable on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and market participants to analyze economic performance and identify emerging trends across various sectors of the economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using standard statistical methods.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by central banks, government agencies, and financial markets to inform economic policy decisions and guide investment strategies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, providing timely insights into the state of the economy. There may be occasional revisions to the historical data as new information becomes available.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (LUXPITGCG02GYM), retrieved from FRED.