Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Colombia
Growth rate same period previous year, Quarterly
COLCPALTT01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.20
Year-over-Year Change
-33.63%
Date Range
1/1/1971 - 1/1/2025
Summary
The 'Growth rate same period previous year, Quarterly' series measures the year-over-year change in the cost of living, providing insights into inflationary pressures in the U.S. economy.
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 quarterly indicator tracks the percentage change in the Consumer Price Index (CPI) compared to the same quarter in the previous year. It offers a valuable perspective on the pace of price changes over time, which is crucial for economic policymakers and analysts.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on its monthly CPI surveys.
Historical Context
This metric is closely monitored by the Federal Reserve and other institutions to guide monetary policy decisions.
Key Facts
- The Q2 2022 growth rate was 9.1%, the highest in over 40 years.
- Rapid inflation has eroded consumer purchasing power in recent quarters.
- The Federal Reserve aims to keep inflation around 2% annually.
FAQs
Q: What does this economic trend measure?
A: This series tracks the year-over-year percentage change in the Consumer Price Index (CPI), which is the government's primary measure of inflation in the United States.
Q: Why is this trend relevant for users or analysts?
A: The CPI growth rate is a crucial indicator of inflationary pressures in the economy, informing the Federal Reserve's monetary policy decisions and impacting consumer confidence and spending.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on its monthly surveys of consumer prices.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely monitors this metric to guide its interest rate adjustments and other policies aimed at maintaining stable prices and maximum employment.
Q: Are there update delays or limitations?
A: This quarterly series is published 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 (COLCPALTT01GYQ), retrieved from FRED.