Producer Prices Index: Economic Activities: Industrial Activities: Domestic for Russia
Growth rate previous period, Quarterly
RUSPIEATI02GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.35
Year-over-Year Change
-34.17%
Date Range
4/1/1998 - 10/1/2021
Summary
This economic trend measures the quarter-over-quarter growth rate of real personal income excluding transfer payments, an important indicator of consumer spending potential.
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 of real personal income excluding transfer payments represents the inflation-adjusted change in income from individuals, families, and households, excluding government benefits like Social Security and welfare. This metric provides insight into consumer purchasing power and is closely watched by policymakers.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using a variety of government surveys and economic reports.
Historical Context
Economists and analysts use this trend to assess the strength of the consumer sector and inform forecasts of future economic activity.
Key Facts
- The growth rate has averaged 0.55% per quarter since 1960.
- Consumer spending accounts for over two-thirds of U.S. GDP.
- Weakening income growth can signal an economic slowdown.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarter-over-quarter growth rate of real personal income excluding transfer payments, which provides insight into consumer purchasing power and spending potential.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers as a key indicator of the strength of the consumer sector and overall economic activity.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using a variety of government surveys and economic reports.
Q: How is this trend used in economic policy?
A: Economists and analysts use this trend to assess consumer purchasing power and inform forecasts of future economic activity, which can influence policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Bureau of Economic Analysis, with a typical release delay of several weeks.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (RUSPIEATI02GPQ), retrieved from FRED.