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Economics vocabulary · Economic News and Data

Year-on-year

Meaning in economics, with examples

adjectiveCommon term

In economics, year-on-year means: Compared with the same period one year earlier, for example sales in March this year compared with sales in March last year.

In Turkish: yıllık, bir önceki yılın aynı dönemine göre

How it is used

Standard in data releases, often written y/y or YoY: inflation was 3.4% year-on-year. It works as an adjective (a year-on-year increase) or an adverb (prices rose 3% year on year). American English prefers year over year. Compare month-on-month and quarter-on-quarter.

Example sentences

  1. Retail sales rose 4.2% year-on-year in September.

  2. Prices were up 0.5% on the month and 3.8% year on year.

Common collocations

  • year-on-year growth
  • year-on-year increase
  • rise year on year
  • month-on-month
  • quarter-on-quarter
  • consumer price indexA measure of the average change over time in the prices that households pay for a fixed basket of goods and services, used to calculate inflation.
  • seasonally adjustedChanged by statistical methods to remove regular seasonal effects, such as holiday shopping or summer tourism, so that the underlying trend is easier to see.
  • inflationA general and continuing rise in the prices of goods and services in an economy, which means each unit of money buys less over time.
  • GDPShort for gross domestic product: the total value of all final goods and services produced within a country in a given period, usually a quarter or a year.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Economic News and Data

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This page explains English vocabulary for learners. It is not financial advice.