Producer Prices Index: Economic Activities: Energy: Total for Slovak Republic
Growth rate same period previous year, Monthly
SVKPIEAEN01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
63.05
Year-over-Year Change
116.66%
Date Range
1/1/2004 - 12/1/2022
Summary
The growth rate same period previous year, Monthly trend measures the year-over-year change in an economic indicator, providing insight into the pace of 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
This metric calculates the percent change in an economic indicator compared to the same month in the previous year. It is used to analyze economic performance and identify underlying trends, informing policy decisions and market analysis.
Methodology
The data is calculated by the statistical agency based on the primary economic indicator.
Historical Context
Policymakers and analysts closely monitor this metric to gauge the overall health and direction of the economy.
Key Facts
- The growth rate is expressed as a percentage change.
- This metric can signal economic expansion or contraction.
- Year-over-year comparisons account for seasonal factors.
FAQs
Q: What does this economic trend measure?
A: The growth rate same period previous year, Monthly trend measures the year-over-year percent change in an economic indicator, providing insight into the pace of economic activity.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by policymakers, economists, and investors to analyze economic performance and identify underlying trends, informing policy decisions and market analysis.
Q: How is this data collected or calculated?
A: The data is calculated by the statistical agency based on the primary economic indicator.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this metric to gauge the overall health and direction of the economy, using it to inform policy decisions.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis, with some potential for minor delays in publication.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (SVKPIEAEN01GYM), retrieved from FRED.