Consumer Price Index: All Items: Total for India
Growth rate previous period, Annual
CPALTT01INA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.55
Year-over-Year Change
-37.32%
Date Range
1/1/1958 - 1/1/2023
Summary
The 'Growth rate previous period, Annual' measures the year-over-year percent change in consumer prices, providing insight into the pace of inflation in the U.S. 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 economic indicator tracks the annual growth rate of the Consumer Price Index (CPI), a key measure of inflation. It is widely monitored by policymakers, economists, and market analysts to assess changes in the overall cost of living and guide monetary and fiscal policy decisions.
Methodology
The data is calculated based on the monthly CPI figures reported by the U.S. Bureau of Labor Statistics.
Historical Context
The annual inflation rate is a critical input for the Federal Reserve's monetary policy decisions.
Key Facts
- The current annual inflation rate is XX.X%.
- Inflation has remained below the Federal Reserve's 2% target for XX consecutive months.
- Consumer prices have risen at an average annual rate of X.X% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Annual' measures the year-over-year percent change in the Consumer Price Index (CPI), which is the government's primary gauge of inflation in the United States.
Q: Why is this trend relevant for users or analysts?
A: The annual inflation rate is a crucial economic indicator that informs monetary policy decisions, investment strategies, and consumer spending habits. It is closely watched by policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on their monthly surveys of consumer prices.
Q: How is this trend used in economic policy?
A: The Federal Reserve uses the annual inflation rate as a key input when setting monetary policy, including decisions on interest rates, to achieve its mandate of price stability and maximum employment.
Q: Are there update delays or limitations?
A: The annual inflation rate data is released monthly with a short lag, typically within 2 weeks of the end of the previous month. There are no significant known limitations to the data.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual (CPALTT01INA657N), retrieved from FRED.