Producer Prices Index: Type of goods: Durable consumer goods: Domestic for Sweden
Percent, Quarterly
SWEPITGCD02GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.82
Year-over-Year Change
-137.71%
Date Range
1/1/1991 - 10/1/2020
Summary
The Percent, Quarterly metric measures the quarterly growth rate of the gross domestic product (GDP) implicit price deflator, a key measure of inflation in the U.S. economy. This trend is closely watched by economists and policymakers for insights into economic performance and price stability.
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 GDP implicit price deflator is a broad measure of the price level of all goods and services that make up GDP. It captures overall inflation in the economy, providing a more comprehensive gauge than consumer price indexes. The quarterly growth rate of this deflator indicates the pace of change in domestic inflationary pressures.
Methodology
The U.S. Bureau of Economic Analysis calculates the GDP implicit price deflator based on national accounts data.
Historical Context
Policymakers at the Federal Reserve closely monitor the GDP implicit price deflator to inform monetary policy decisions aimed at maintaining price stability.
Key Facts
- The GDP implicit price deflator has a base year of 2012.
- It covers a broader set of goods and services than the Consumer Price Index (CPI).
- The GDP deflator is a widely used metric for assessing overall price pressures in the economy.
FAQs
Q: What does this economic trend measure?
A: The Percent, Quarterly metric measures the quarterly growth rate of the GDP implicit price deflator, a comprehensive gauge of inflation in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: The GDP implicit price deflator is a closely watched indicator that provides insights into overall price pressures and economic performance, informing policy decisions by the Federal Reserve and analysis by economists.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis calculates the GDP implicit price deflator based on national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers at the Federal Reserve use the GDP implicit price deflator to monitor inflationary trends and inform monetary policy decisions aimed at maintaining price stability in the U.S. economy.
Q: Are there update delays or limitations?
A: The GDP implicit price deflator data is released on a quarterly basis, with a short delay to allow for comprehensive data collection and analysis.
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Citation
U.S. Federal Reserve, Percent, Quarterly (SWEPITGCD02GYQ), retrieved from FRED.