Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Domestic for Luxembourg
Growth rate same period previous year, Monthly
LUXPITGND02GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.58
Year-over-Year Change
72.48%
Date Range
1/1/1991 - 12/1/2022
Summary
The 'Growth rate same period previous year, Monthly' trend measures the year-over-year change in a monthly economic indicator. This metric is important for economists and policymakers to assess the pace and direction of economic growth.
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 trend tracks the year-over-year growth rate of a monthly economic indicator, providing insight into the trajectory of the economy. It is a key metric used by analysts and policymakers to evaluate economic performance and inform decision-making.
Methodology
The data is calculated by the U.S. Federal Reserve as the percent change in the indicator compared to the same month in the previous year.
Historical Context
Policymakers and market participants closely monitor this trend to gauge the strength and momentum of the economy.
Key Facts
- The data is released monthly by the U.S. Federal Reserve.
- This trend is a key input for economic forecasting and policy decisions.
- The year-over-year growth rate can signal acceleration or deceleration in the economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in a monthly economic indicator, providing insight into the pace of economic growth.
Q: Why is this trend relevant for users or analysts?
A: This trend is a critical metric used by economists, policymakers, and market participants to evaluate the strength and momentum of the economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve as the percent change in the monthly indicator compared to the same month in the previous year.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this trend to assess the health of the economy and inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is released monthly by the Federal Reserve with a typical lag of a few weeks.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (LUXPITGND02GYM), retrieved from FRED.