Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Ireland
Growth rate same period previous year, Monthly
CPALTT01IEM659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.19
Year-over-Year Change
-14.19%
Date Range
2/1/1956 - 4/1/2025
Summary
The 'Growth rate same period previous year, Monthly' is a key inflation indicator that measures the year-over-year change in consumer prices. It provides important insights into the overall price dynamics in the economy and is closely monitored by policymakers.
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 indicator tracks the percent change in the Consumer Price Index (CPI) compared to the same month of the previous year. It is a widely used metric for assessing inflationary pressures and the effectiveness of monetary policy actions.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through their national consumer price surveys.
Historical Context
The growth rate in consumer prices is a crucial input for the Federal Reserve's monetary policy decisions as it reflects the overall price stability in the economy.
Key Facts
- The series tracks year-over-year changes in the CPI.
- It is a key metric for the Federal Reserve's inflation targeting.
- The data is released monthly by the Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year percent change in the Consumer Price Index (CPI), providing insights into the overall inflation rate in the economy.
Q: Why is this trend relevant for users or analysts?
A: The growth rate in consumer prices is a crucial economic indicator used by policymakers, analysts, and investors to assess inflationary pressures and the effectiveness of monetary policy actions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics through their national consumer price surveys.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely monitors this inflation indicator as part of its mandate to maintain price stability, using it to inform monetary policy decisions that aim to promote sustainable economic growth.
Q: Are there update delays or limitations?
A: The data is released monthly by the Bureau of Labor Statistics with a typical release lag of around two weeks.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (CPALTT01IEM659N), retrieved from FRED.