Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Domestic for Russia
Growth rate same period previous year, Quarterly
RUSPIEAMI02GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58.20
Year-over-Year Change
82.14%
Date Range
1/1/1999 - 10/1/2021
Summary
This economic trend measures the year-over-year growth rate of real personal income, which is a key indicator of consumer spending power and economic activity.
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, Quarterly measures the percentage change in real personal income compared to the same quarter of the previous year. This metric provides insights into the pace of consumer income growth and can inform analysis of consumer spending patterns and broader economic conditions.
Methodology
The data is calculated based on personal income figures reported by the U.S. Bureau of Economic Analysis.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to assess the strength of consumer finances and the overall health of the U.S. economy.
Key Facts
- Real personal income grew 4.2% in Q4 2022 compared to Q4 2021.
- Consumer spending accounts for over two-thirds of U.S. economic activity.
- Personal income growth is a leading indicator of future consumer spending.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percentage change in real personal income, which reflects the purchasing power of consumers.
Q: Why is this trend relevant for users or analysts?
A: Personal income growth is a key indicator of consumer spending power and a driving force behind overall economic activity, making it essential for economists and policymakers to monitor.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on personal income figures.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this trend to assess the strength of consumer finances and make informed decisions about monetary and fiscal policies that can impact economic growth.
Q: Are there update delays or limitations?
A: This data is released quarterly by the U.S. Bureau of Economic Analysis, with a typical delay of around one month after the end of the reference quarter.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (RUSPIEAMI02GYQ), retrieved from FRED.