Monetary Aggregates and Their Components: Narrow Money and Components: M1 and Components: M1 for Colombia
Growth rate previous period, Quarterly
COLMANMM101GPSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.91
Year-over-Year Change
44.13%
Date Range
7/1/1982 - 10/1/2024
Summary
The 'Growth rate previous period, Quarterly' trend measures the quarterly percentage change in the price index for personal consumption expenditures, excluding food and energy. This metric is a key indicator of underlying inflationary pressures.
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 economic indicator provides insight into the rate of change in consumer prices, excluding volatile food and energy components. It is closely monitored by the Federal Reserve and other policymakers to assess the effectiveness of monetary policy and guide interest rate decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the national income and product accounts.
Historical Context
This trend is a core input for the Federal Reserve's dual mandate of price stability and maximum employment.
Key Facts
- The Federal Reserve targets a 2% annual inflation rate based on the core PCE price index.
- Excluding food and energy, the core PCE price index tends to be a more stable measure of underlying inflation.
- The core PCE price index is the Fed's preferred inflation indicator for monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Quarterly' trend measures the quarterly percentage change in the price index for personal consumption expenditures, excluding food and energy.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of underlying inflationary pressures and is closely monitored by the Federal Reserve and other policymakers to assess the effectiveness of monetary policy and guide interest rate decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the national income and product accounts.
Q: How is this trend used in economic policy?
A: This trend is a core input for the Federal Reserve's dual mandate of price stability and maximum employment, and is used to guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The core PCE price index data is released monthly by the Bureau of Economic Analysis, with a typical lag of one month.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (COLMANMM101GPSAQ), retrieved from FRED.