Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Norway
Annual
CPALTT01NOA659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.15
Year-over-Year Change
351.35%
Date Range
1/1/1956 - 1/1/2024
Summary
The Annual trend measures the year-over-year change in the Consumer Price Index for All Urban Consumers (CPI-U) in the United States. This key indicator tracks overall inflation and consumer purchasing power.
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 Annual trend represents the percent change in the CPI-U index from the same month one year prior. The CPI-U is a widely used measure of the average change in prices paid by consumers for a basket of goods and services, making this trend crucial for understanding economic conditions and monetary policy.
Methodology
The CPI-U data is collected by the U.S. Bureau of Labor Statistics through surveys of consumer expenditures.
Historical Context
The Annual trend is closely monitored by the Federal Reserve and other policymakers to gauge inflationary pressures and inform decisions on interest rates and other monetary tools.
Key Facts
- The CPI-U basket includes over 200 categories of consumer goods and services.
- The Federal Reserve targets an annual inflation rate of 2% to promote stable prices.
- Elevated inflation can erode consumer purchasing power and economic growth.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in the Consumer Price Index for All Urban Consumers (CPI-U), a widely used indicator of overall inflation in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is a crucial metric for understanding changes in consumer purchasing power and informing monetary policy decisions by the Federal Reserve and other policymakers.
Q: How is this data collected or calculated?
A: The CPI-U data is collected monthly by the U.S. Bureau of Labor Statistics through surveys of consumer expenditures.
Q: How is this trend used in economic policy?
A: The Annual trend is closely monitored by the Federal Reserve and other policymakers to gauge inflationary pressures and inform decisions on interest rates and other monetary tools to promote stable prices and economic growth.
Q: Are there update delays or limitations?
A: The CPI-U data is published monthly, with a typical release lag of about two weeks after the end of the reference month.
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Citation
U.S. Federal Reserve, Annual (CPALTT01NOA659N), retrieved from FRED.