Producer Prices Index: Economic Activities: Manufacture of Food Products: Domestic for Portugal
Growth rate previous period, Quarterly
PRTPIEAFD02GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.56
Year-over-Year Change
-2027.78%
Date Range
4/1/1990 - 10/1/2022
Summary
The Quarterly Growth Rate Previous Period measures the quarter-over-quarter percentage change in the U.S. GDP Price Index, a key measure of inflation. This trend is closely watched by economists and policymakers to assess price pressures in the 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
The GDP Price Index is a comprehensive measure of price changes across the entire U.S. economy. The quarterly growth rate of this index indicates how rapidly overall prices are rising or falling, providing insights into inflationary trends and the trajectory of the economy.
Methodology
The U.S. Bureau of Economic Analysis calculates the GDP Price Index based on prices of goods and services in the national accounts.
Historical Context
The Federal Reserve and other policymakers monitor this inflation metric to help guide monetary policy decisions.
Key Facts
- The GDP Price Index covers a broad range of economic activity.
- Quarterly growth rate reached a high of 6.3% in Q2 2022.
- Inflation data helps the Fed set interest rates to stabilize prices.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Growth Rate Previous Period measures the quarter-over-quarter percentage change in the U.S. GDP Price Index, a key gauge of overall inflation in the economy.
Q: Why is this trend relevant for users or analysts?
A: This inflation metric is closely watched by economists, policymakers, and market participants to assess price pressures and the broader trajectory of the U.S. economy.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis calculates the GDP Price Index and its quarterly growth rate based on the prices of goods and services in the national accounts.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers monitor this inflation indicator to help guide monetary policy decisions aimed at stabilizing prices and supporting economic growth.
Q: Are there update delays or limitations?
A: The GDP Price Index data is typically released on a quarterly basis by the Bureau of Economic Analysis, with a lag of several weeks after the end of each quarter.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (PRTPIEAFD02GPQ), retrieved from FRED.