Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels: Total for Colombia
Growth rate previous period, Monthly
COLCP040500GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.49
Year-over-Year Change
-1253.17%
Date Range
1/1/2009 - 11/1/2023
Summary
The growth rate previous period, monthly trend measures the month-over-month change in the consumer price index (CPI), a key indicator of inflation. This metric is closely watched by economists and policymakers to assess price stability and guide monetary policy decisions.
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 previous period, monthly tracks the monthly percentage change in the CPI, which is the most widely used measure of inflation in the United States. This data provides insight into the trajectory of consumer prices and helps inform the Federal Reserve's interest rate policies aimed at maintaining price stability.
Methodology
The U.S. Bureau of Labor Statistics collects the underlying CPI data through household and business surveys to calculate this monthly growth rate.
Historical Context
The growth rate previous period, monthly is a crucial input for the Federal Reserve's monetary policy decisions, as the central bank closely monitors inflation trends to fulfill its dual mandate of price stability and maximum employment.
Key Facts
- The CPI is based on a basket of consumer goods and services.
- The Federal Reserve targets an annual inflation rate of 2%.
- Rapid or sustained increases in the growth rate can prompt interest rate hikes.
FAQs
Q: What does this economic trend measure?
A: The growth rate previous period, monthly measures the month-over-month percentage change in the consumer price index (CPI), a key indicator of inflation in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely watched by economists, policymakers, and market participants as it provides timely insights into the trajectory of consumer prices, which is crucial for informing monetary policy decisions and assessing the overall health of the economy.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects the underlying CPI data through household and business surveys, and then calculates the month-over-month growth rate.
Q: How is this trend used in economic policy?
A: The growth rate previous period, monthly is a key input for the Federal Reserve's monetary policy decisions, as the central bank closely monitors inflation trends to fulfill its dual mandate of price stability and maximum employment.
Q: Are there update delays or limitations?
A: The growth rate previous period, monthly data is released by the U.S. Bureau of Labor Statistics on a monthly basis, with a typical delay of approximately two weeks from the end of the reference month.
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COLFCNODCHNUM
Use of Financial Services: Number of Loan Accounts for Small and Medium Enterprises at Credit Unions and Financial Cooperatives for Colombia
COLFCNODUSNUM
Number of Identified Exporters to Colombia from New York
NYCOLA475SCEN
Use of Financial Services Borrowers: Households Borrowing from Commercial Banks for Colombia
COLFCRODCHPENUM
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (COLCP040500GPM), retrieved from FRED.