Producer Prices Index: Type of Goods: Intermediate Goods: Total for Russia
Monthly
RUSPITGIG01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.69
Year-over-Year Change
-44.95%
Date Range
1/1/2015 - 1/1/2022
Summary
The Monthly trend measures the monthly growth rate of personal income in the United States. This economic indicator is closely watched by policymakers and analysts to assess the financial health and spending power of American households.
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 Monthly trend tracks the month-over-month percentage change in personal income, which includes wages, salaries, interest, dividends, rents, and government benefits. It provides insights into the spending capacity and savings of U.S. consumers, which are key drivers of economic growth.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
The Monthly trend is used by the Federal Reserve and other policymakers to inform decisions on monetary policy and economic stimulus.
Key Facts
- Personal income accounts for over 70% of U.S. GDP.
- The monthly growth rate averaged 0.4% from 2010-2020.
- Personal income declined sharply during the COVID-19 pandemic in 2020.
FAQs
Q: What does this economic trend measure?
A: The Monthly trend measures the month-over-month percentage change in personal income, which includes wages, salaries, interest, dividends, rents, and government benefits.
Q: Why is this trend relevant for users or analysts?
A: The Monthly trend provides insights into the financial health and spending power of American households, which are key drivers of economic growth and consumer demand.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: The Monthly trend is used by the Federal Reserve and other policymakers to inform decisions on monetary policy and economic stimulus.
Q: Are there update delays or limitations?
A: The Monthly trend is reported with a lag of approximately one month by the Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Monthly (RUSPITGIG01GPM), retrieved from FRED.