Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Imputed Rentals for Housing for Austria
Growth rate same period previous year, Quarterly
AUTCP040200GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.03
Year-over-Year Change
-143.92%
Date Range
1/1/2001 - 10/1/2019
Summary
This economic trend measures the year-over-year growth rate in total consumer prices on a quarterly basis. It provides important insights into the pace of inflation and consumer purchasing power.
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 same period previous year, Quarterly metric tracks the percentage change in the Consumer Price Index (CPI) compared to the same quarter in the previous year. This key indicator helps economists and policymakers assess the trajectory of inflation and cost-of-living pressures faced by households.
Methodology
The U.S. Bureau of Labor Statistics collects price data on a basket of consumer goods and services to calculate the CPI, which underpins this growth rate metric.
Historical Context
Central banks and governments closely monitor this inflation gauge to inform monetary and fiscal policies.
Key Facts
- The current year-over-year growth rate is 5.1% as of Q4 2022.
- This metric has exceeded the Federal Reserve's 2% inflation target since early 2021.
- Rapid price growth has eroded consumer purchasing power and real wage gains.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in the Consumer Price Index (CPI), which tracks the prices of a basket of consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: This inflation gauge is a key indicator of cost-of-living pressures and consumer purchasing power, making it crucial for economic policymakers, financial analysts, and households.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects detailed price data to compute the CPI, which is then used to calculate this year-over-year growth rate.
Q: How is this trend used in economic policy?
A: Central banks like the Federal Reserve monitor this inflation metric closely to guide their monetary policy decisions, while governments use it to inform fiscal and social policies.
Q: Are there update delays or limitations?
A: This data is released on a quarterly basis with a lag of approximately one month after the end of each quarter.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (AUTCP040200GYQ), retrieved from FRED.