Producer Prices Index: Economic Activities: Manufacturing: Domestic for Russia
Growth rate same period previous year, Annual
PIEAMP02RUA659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.85
Year-over-Year Change
-508.76%
Date Range
1/1/1999 - 1/1/2021
Summary
This annual economic indicator measures the year-over-year growth rate of personal income, providing insights into consumer spending and broader 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 personal income growth rate same period previous year is a key metric used by economists and policymakers to assess changes in household purchasing power and consumer demand over time.
Methodology
This data is collected and calculated by the U.S. Bureau of Economic Analysis based on survey and administrative sources.
Historical Context
This trend is closely monitored by the Federal Reserve and other institutions to inform economic policy decisions.
Key Facts
- Personal income grew 3.1% in 2022 compared to the prior year.
- Consumer spending accounts for over two-thirds of U.S. economic activity.
- The Federal Reserve closely monitors personal income trends to guide monetary policy.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year growth rate of personal income, which reflects changes in household purchasing power and consumer spending.
Q: Why is this trend relevant for users or analysts?
A: Personal income growth is a key indicator of consumer demand and overall economic conditions, making it essential for policymakers, businesses, and investors to monitor.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis collects and calculates this data based on survey and administrative sources.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely track personal income growth to inform monetary policy decisions and assess the overall health of the economy.
Q: Are there update delays or limitations?
A: The personal income growth data is released monthly with a lag, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (PIEAMP02RUA659N), retrieved from FRED.