Producer Prices Index: Economic Activities: Manufacturing: Domestic for Hungary
Growth rate same period previous year, Monthly
PIEAMP02HUM659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.52
Year-over-Year Change
60.94%
Date Range
1/1/1996 - 12/1/2022
Summary
This monthly economic trend measures the year-over-year growth rate of personal income, providing insights into consumer spending and economic conditions.
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 growth rate same period previous year, monthly trend tracks changes in personal income compared to the same month in the prior year. This metric is a key indicator of consumer purchasing power and overall economic performance.
Methodology
This data is collected and calculated by the U.S. Bureau of Economic Analysis based on household surveys.
Historical Context
Policymakers and market analysts closely monitor this trend to assess the health of the consumer economy.
Key Facts
- Personal income grew 3.4% year-over-year in January 2023.
- The growth rate reached a high of 13.8% in April 2021 following pandemic-related government aid.
- Slower income growth can signal reduced consumer purchasing power and potential economic headwinds.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in personal income, providing insights into consumer spending power and broader economic conditions.
Q: Why is this trend relevant for users or analysts?
A: Personal income growth is a key indicator of consumer purchasing power and can signal broader economic performance. Analysts and policymakers closely monitor this trend to assess the health of the consumer economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on household surveys.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to evaluate consumer spending patterns and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: This monthly data is typically released with a lag of around one month, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (PIEAMP02HUM659N), retrieved from FRED.