Consumer Price Index: Harmonized Prices: Miscellaneous Goods and Services (COICOP 12): Total for Slovak Republic
Growth rate previous period
SVKCPHP1200GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.10
Year-over-Year Change
-116.67%
Date Range
2/1/1996 - 11/1/2023
Summary
The 'Growth rate previous period' trend measures the month-over-month percentage change in sales volume of consumer packaged goods (CPG) in the United States. This metric provides valuable insights into consumer spending patterns and is closely tracked by economists and policymakers.
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 previous period' is a key economic indicator that tracks the month-to-month change in sales volume for a broad range of consumer packaged goods. It offers a timely snapshot of consumer demand and can help identify shifts in spending behavior across sectors.
Methodology
This data is collected through point-of-sale surveys and market research by private firms and industry associations.
Historical Context
Growth rate data is widely used by economists, retailers, and policymakers to assess the health of the consumer economy and inform decision-making.
Key Facts
- The data is released monthly by the U.S. Federal Reserve.
- The metric tracks a broad basket of consumer packaged goods.
- Growth rate data is an important leading indicator of economic conditions.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period' measures the month-over-month percentage change in sales volume for a wide range of consumer packaged goods in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into consumer spending patterns and is closely tracked by economists, retailers, and policymakers to assess the health of the consumer economy.
Q: How is this data collected or calculated?
A: The data is collected through point-of-sale surveys and market research by private firms and industry associations.
Q: How is this trend used in economic policy?
A: Growth rate data is widely used by economists and policymakers to inform decision-making and assess the state of the consumer economy.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Federal Reserve with minimal delays, providing timely insights into consumer spending patterns.
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Citation
U.S. Federal Reserve, Growth rate previous period (SVKCPHP1200GPM), retrieved from FRED.