What is Year On Year Figure? - Forex Questions and Answers - FXAnswer

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What is Year On Year Figure?

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- Warren
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1 year ago

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0 Votes The figure that results from comparing a data item to its value a year earlier. For example, yearly inflation rates are measured by comparing the value of an index this month to its value a year ago. Many statisticians and economists prefer to use the year on year figure because it helps eliminate the effect of seasonal patterns. Source(s): Reuters by webmaster 1 year ago by webmaster 1 year ago

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The figure that results from comparing a data item to its value a year earlier. For example, yearly inflation rates are measured by comparing the value of an index this month to its value a year ago. Many statisticians and economists prefer to use the year on year figure because it helps eliminate the effect of seasonal patterns.

Source(s):

Reuters