Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Ireland
Growth rate same period previous year, Quarterly
CPALTT01IEQ659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.91
Year-over-Year Change
-66.96%
Date Range
1/1/1976 - 1/1/2025
Summary
The Growth rate same period previous year, Quarterly trend measures the year-over-year change in consumer prices for a given quarter in the United States. This metric is a key indicator of inflation that helps policymakers and analysts assess economic conditions.
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 tracks the annual percentage change in the Consumer Price Index (CPI) from one quarter to the same quarter in the previous year. It provides insight into the pace of price changes over time, which is a vital consideration for monetary policy and consumer spending analysis.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on its monthly CPI survey.
Historical Context
The growth rate is closely monitored by the Federal Reserve and other institutions to guide decisions on interest rates and macroeconomic policy.
Key Facts
- The CPI covers a broad basket of consumer goods and services.
- Inflation above the Federal Reserve's 2% target can prompt interest rate hikes.
- Year-over-year growth helps control for seasonal price fluctuations.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the annual percentage change in the Consumer Price Index (CPI) from one quarter to the same quarter in the previous year.
Q: Why is this trend relevant for users or analysts?
A: The growth rate in consumer prices is a vital economic indicator that helps policymakers and analysts assess inflationary pressures and guide decisions on monetary policy and interest rates.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on its monthly CPI survey.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely monitor the growth rate in consumer prices to inform decisions on interest rates and broader macroeconomic policy.
Q: Are there update delays or limitations?
A: The data is published quarterly 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, Quarterly (CPALTT01IEQ659N), retrieved from FRED.