Percent, Annual
NHSMWSP20T29AP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.00
Year-over-Year Change
-44.83%
Date Range
1/1/2002 - 1/1/2023
Summary
The 'Percent, Annual' trend measures the year-over-year percentage change in wholesale prices for natural gas, providing insights into energy cost 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 economic indicator tracks the annual percent change in prices received by producers for natural gas, a key commodity and energy source. It is used by economists, policymakers, and market analysts to monitor inflationary pressures and energy market trends.
Methodology
The data is collected through surveys of U.S. natural gas producers and wholesalers.
Historical Context
Wholesale natural gas prices are closely watched as an input to consumer energy costs and a barometer of energy market conditions.
Key Facts
- Natural gas is a major U.S. energy source, accounting for over 30% of electricity generation.
- Wholesale natural gas prices experienced high volatility in the 2000s due to supply and demand imbalances.
- Monitoring natural gas price trends is crucial for understanding consumer energy costs and inflation.
FAQs
Q: What does this economic trend measure?
A: The 'Percent, Annual' trend measures the year-over-year percentage change in wholesale prices for natural gas, a key energy commodity.
Q: Why is this trend relevant for users or analysts?
A: Monitoring natural gas price trends is crucial for understanding energy costs, inflationary pressures, and broader commodity market dynamics.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. natural gas producers and wholesalers.
Q: How is this trend used in economic policy?
A: Wholesale natural gas prices are closely watched by policymakers, economists, and market participants as an indicator of energy market conditions and potential consumer price impacts.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to periodic revisions.
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Citation
U.S. Federal Reserve, Percent, Annual (NHSMWSP20T29AP), retrieved from FRED.