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Annual
CCUSSP01PTA650N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.11
Year-over-Year Change
-14.60%
Date Range
1/1/1960 - 1/1/2023
Summary
The Annual Consumer Price Index for All Urban Consumers: Apparel in U.S. City Average measures inflation in apparel prices for urban consumers.
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 index tracks changes in the prices paid by urban consumers for a representative basket of apparel goods and services. It is a key indicator of inflationary pressures and consumer spending patterns in the apparel market.
Methodology
The data is collected through surveys of retail establishments and calculated using a modified Laspeyres formula.
Historical Context
The Annual CPI Apparel index is used by policymakers, economists, and businesses to monitor consumer price trends and make informed decisions.
Key Facts
- The base year for the Annual CPI Apparel index is 1982-84 = 100.
- Apparel accounts for approximately 3% of the total CPI market basket.
- The index includes prices for men's, women's, and children's clothing and footwear.
FAQs
Q: What does this economic trend measure?
A: The Annual Consumer Price Index for All Urban Consumers: Apparel in U.S. City Average measures changes in the prices paid by urban consumers for a representative basket of apparel goods and services.
Q: Why is this trend relevant for users or analysts?
A: The Annual CPI Apparel index is a key indicator of inflationary pressures and consumer spending patterns in the apparel market, making it relevant for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated using a modified Laspeyres formula.
Q: How is this trend used in economic policy?
A: The Annual CPI Apparel index is used by policymakers, economists, and businesses to monitor consumer price trends and make informed decisions.
Q: Are there update delays or limitations?
A: The Annual CPI Apparel index is published monthly with a typical release delay of approximately two weeks.
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Citation
U.S. Federal Reserve, Annual Consumer Price Index for All Urban Consumers: Apparel in U.S. City Average (CCUSSP01PTA650N), retrieved from FRED.