Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Norway
Growth rate previous period, Quarterly
NORCP030000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.88
Year-over-Year Change
13.27%
Date Range
4/1/1979 - 10/1/2023
Summary
The Growth rate previous period, Quarterly trend measures the quarter-over-quarter growth rate of a specified economic indicator. This metric is closely watched by economists and policymakers to assess the pace of economic expansion or contraction.
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 calculates the percent change from the previous quarter for a given economic variable. It provides insight into the momentum and direction of the economy, helping analysts and institutions evaluate the strength and trajectory of economic recovery or slowdown.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on changes in the seasonally adjusted values of the underlying economic series.
Historical Context
The growth rate is a key input for policymakers at the Federal Reserve and other institutions when assessing the need for monetary policy adjustments.
Key Facts
- The growth rate is expressed as a percentage change from the prior quarter.
- This metric provides a timely snapshot of economic momentum compared to longer-term annual growth rates.
- Policymakers monitor the growth rate to guide decisions on interest rates and other interventions.
FAQs
Q: What does this economic trend measure?
A: The Growth rate previous period, Quarterly trend measures the quarter-over-quarter percent change in a specified economic indicator, providing insight into the pace of economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key input for economists and policymakers assessing the strength and trajectory of the economy, helping to guide decisions on monetary policy and other interventions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on changes in the seasonally adjusted values of the underlying economic series.
Q: How is this trend used in economic policy?
A: The growth rate is closely monitored by the Federal Reserve and other institutions to evaluate the need for adjustments to interest rates and other policy tools.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a lag of several weeks after the end of the reference period.
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Infra-Annual Labor Statistics: Unemployment Total: From 15 to 24 Years for Norway
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Harmonized Index of Consumer Prices: Services Related to Recreation, Including Repairs and Personal Care for Norway
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Consumer Price Index: Harmonized Prices: Food and Non-Alcoholic Beverages (COICOP 01): Total for Norway
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Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Norway
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (NORCP030000GPQ), retrieved from FRED.