Producer Prices Index: Economic Activities: Manufacturing: Domestic for Colombia
Growth rate same period previous year, Monthly
COLPIEAMP02GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.73
Year-over-Year Change
10.98%
Date Range
1/1/1991 - 12/1/2022
Summary
The Growth rate same period previous year, Monthly measures the year-over-year percent change in consumer prices. This key inflation indicator is closely watched by economists and policymakers to assess price dynamics and cost-of-living changes.
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 series represents the year-over-year percent change in the Consumer Price Index (CPI), which tracks the average change in prices paid by consumers for a basket of goods and services. It is a widely used measure of inflation and an important economic indicator for analyzing price trends and their impact on consumer purchasing power.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' monthly CPI survey.
Historical Context
Policymakers and market participants monitor this inflation metric to inform monetary policy decisions and investment strategies.
Key Facts
- The CPI covers about 93% of the total U.S. population.
- The Federal Reserve targets an annual inflation rate of 2%.
- Consumer price inflation reached a 40-year high of 9.1% in June 2022.
FAQs
Q: What does this economic trend measure?
A: The Growth rate same period previous year, Monthly measures the year-over-year percent change in the Consumer Price Index (CPI), a key gauge of inflation in the United States.
Q: Why is this trend relevant for users or analysts?
A: This inflation metric is closely watched by economists, policymakers, and investors to assess price dynamics and the purchasing power of consumers, which informs monetary policy decisions and investment strategies.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' monthly CPI survey, which tracks the prices of a representative basket of consumer goods and services.
Q: How is this trend used in economic policy?
A: Policymakers, such as the Federal Reserve, use this inflation measure to guide monetary policy decisions, aiming to maintain price stability and support economic growth.
Q: Are there update delays or limitations?
A: The Growth rate same period previous year, Monthly data is released by the U.S. Bureau of Labor Statistics on a monthly basis, with a typical lag of around two weeks.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (COLPIEAMP02GYM), retrieved from FRED.