Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Domestic for Norway
Growth rate previous period, Monthly
NORPITGND02GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.96
Year-over-Year Change
181.94%
Date Range
2/1/1995 - 1/1/2023
Summary
The growth rate previous period, monthly tracks the month-over-month percent change in a key economic indicator. This metric provides insight into the short-term trajectory of the U.S. 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
This series measures the monthly growth rate compared to the previous period for a major economic indicator. It is a valuable tool for economists and policymakers to monitor the pace of economic expansion or contraction.
Methodology
The data is calculated based on the percent change between the current month's value and the prior month's value.
Historical Context
This growth rate trend is widely referenced by analysts to assess the health and direction of the U.S. economy.
Key Facts
- Measures the month-over-month percent change in a key economic indicator.
- Provides insight into the short-term trajectory of the U.S. economy.
- Widely referenced by analysts to assess economic health and direction.
FAQs
Q: What does this economic trend measure?
A: This trend measures the month-over-month percent change in a major economic indicator, providing insight into the short-term trajectory of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This growth rate trend is widely referenced by economists and policymakers to assess the health and direction of the U.S. economy in the short term.
Q: How is this data collected or calculated?
A: The data is calculated based on the percent change between the current month's value and the prior month's value.
Q: How is this trend used in economic policy?
A: This growth rate trend is used by analysts, economists, and policymakers to monitor the pace of economic expansion or contraction and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with minimal delay, providing timely insights into the current state of the U.S. economy.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (NORPITGND02GPM), retrieved from FRED.