Chain-Type Quantity Index for Real GDP: Private Industries in North Carolina
Quarterly, Seasonally Adjusted
NCPIQQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.00
Year-over-Year Change
9.59%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted trend measures inflation in the U.S. gross domestic product (GDP) price index on a quarterly basis. It is a key economic indicator used by policymakers to evaluate the overall price changes in the broader economy.
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
The Quarterly, Seasonally Adjusted trend tracks the percentage change in the GDP price index, which reflects the prices of all goods and services that make up GDP. This broad measure of inflation provides insights into the general price environment and is used to inform monetary policy decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on national accounts data.
Historical Context
The GDP price index is closely monitored by the Federal Reserve and other economic analysts to assess inflationary pressures and guide policy responses.
Key Facts
- The GDP price index has increased by an average of 2.3% annually over the past decade.
- Inflation as measured by the GDP price index reached a peak of 5.7% in 2022 Q3.
- The Federal Reserve targets an annual inflation rate of 2% based on the GDP price index.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted trend measures the percentage change in the GDP price index, which reflects overall inflation in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This broad measure of inflation is closely watched by policymakers, economists, and investors to assess the overall price environment and inform monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on national accounts data.
Q: How is this trend used in economic policy?
A: The GDP price index is a key input for the Federal Reserve's monetary policy decisions, as the central bank aims to maintain stable prices and full employment.
Q: Are there update delays or limitations?
A: The Quarterly, Seasonally Adjusted data is released with a lag of approximately one month after the end of each quarter.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (NCPIQQGSP), retrieved from FRED.