Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for India
Growth rate same period previous year, Monthly
CPALTT01INM659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.95
Year-over-Year Change
-29.74%
Date Range
1/1/1958 - 3/1/2025
Summary
The Growth rate same period previous year, Monthly measures the year-over-year change in the Consumer Price Index (CPI) for all items. This key inflation metric is closely tracked by economists and policymakers to assess price pressures in the broader 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
The Growth rate same period previous year, Monthly data series calculates the percent change in the CPI from the same month in the previous year. This annual inflation rate is a critical indicator used to monitor consumer purchasing power, guide monetary policy decisions, and inform economic forecasting.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on their monthly CPI survey.
Historical Context
Policymakers and market analysts closely monitor this inflation metric to understand the impact on consumer spending, borrowing costs, and overall economic conditions.
Key Facts
- The CPI measures the average change in prices paid by consumers for a basket of goods and services.
- The year-over-year growth rate indicates whether inflationary pressures are increasing or decreasing.
- The Federal Reserve targets an annual inflation rate of around 2% to promote price stability.
FAQs
Q: What does this economic trend measure?
A: The Growth rate same period previous year, Monthly measures the year-over-year change in the Consumer Price Index (CPI), a key gauge of inflation in the broader economy.
Q: Why is this trend relevant for users or analysts?
A: This inflation metric is closely tracked by economists, policymakers, and market participants to assess consumer purchasing power, guide monetary policy decisions, and forecast economic conditions.
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 CPI survey.
Q: How is this trend used in economic policy?
A: Policymakers, such as the Federal Reserve, use this inflation measure to inform monetary policy decisions and maintain price stability, which is crucial for promoting sustainable economic growth.
Q: Are there update delays or limitations?
A: The Growth rate same period previous year, Monthly data is published by the U.S. Bureau of Labor Statistics with a typical one-month lag and is subject to minor revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (CPALTT01INM659N), retrieved from FRED.