Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Total for Colombia
Growth rate same period previous year, Monthly
COLPIEAMI01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.32
Year-over-Year Change
-58.24%
Date Range
6/1/2000 - 12/1/2022
Summary
The 'Growth rate same period previous year, Monthly' metric measures the year-over-year change in the Consumer Price Index for All Urban Consumers, a key indicator of inflation in the United States.
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 metric tracks the annual percentage change in the headline CPI, providing insight into the pace of price changes across the broader economy. Economists and policymakers closely monitor this data to assess inflationary pressures and guide monetary policy decisions.
Methodology
The data is collected and calculated monthly by the U.S. Bureau of Labor Statistics.
Historical Context
This inflation gauge informs the Federal Reserve's efforts to maintain price stability through adjustments to interest rates and other policy tools.
Key Facts
- The CPI tracks the prices of a basket of consumer goods and services.
- Inflation above the Federal Reserve's 2% target can lead to interest rate hikes.
- The year-over-year CPI growth rate peaked at 9.1% in June 2022.
FAQs
Q: What does this economic trend measure?
A: This metric measures the year-over-year 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: The CPI growth rate is a critical gauge of inflationary pressures, informing monetary policy decisions by the Federal Reserve and the broader economic outlook.
Q: How is this data collected or calculated?
A: The data is collected and calculated monthly by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely monitors CPI data to guide its efforts to maintain price stability through adjustments to interest rates and other policy tools.
Q: Are there update delays or limitations?
A: The CPI data is released monthly by the Bureau of Labor Statistics, with a typical lag of around two weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (COLPIEAMI01GYM), retrieved from FRED.