Producer Prices Index: Economic Activities: Manufacturing: Total for Colombia
Growth rate same period previous year, Monthly
COLPIEAMP01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.17
Year-over-Year Change
2.44%
Date Range
6/1/2000 - 12/1/2022
Summary
The 'Growth rate same period previous year, Monthly' trend measures the year-over-year change in the cost of living, providing insight into inflationary pressures in the 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 monthly economic indicator tracks the percent change in the Consumer Price Index (CPI) compared to the same month in the previous year. It is a widely-used metric for understanding changes in consumer prices and the overall rate of inflation.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of consumer expenditures.
Historical Context
Policymakers and analysts monitor this inflation metric to inform monetary policy decisions and economic forecasting.
Key Facts
- The CPI tracks the prices of a 'basket' of common consumer goods and services.
- The Federal Reserve aims for a 2% annual inflation target.
- Sustained high inflation can erode consumer purchasing power.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Monthly' trend measures the year-over-year percent change in the Consumer Price Index (CPI), a key indicator of inflation.
Q: Why is this trend relevant for users or analysts?
A: This inflation metric is closely watched by policymakers, investors, and the public to gauge changes in the cost of living and the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is calculated monthly by the U.S. Bureau of Labor Statistics based on surveys of consumer expenditures.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers monitor this inflation indicator to inform monetary policy decisions aimed at maintaining price stability and supporting economic growth.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely information on inflationary trends.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (COLPIEAMP01GYM), retrieved from FRED.