Consumer Price Index: All Items: Wage Earners: Total for United States
Annual
CPALWE01USA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128.98
Year-over-Year Change
34.94%
Date Range
1/1/1960 - 1/1/2023
Summary
The Annual trend measures the year-over-year change in consumer prices for the United States. This key economic indicator is closely watched by policymakers and analysts to assess inflation pressures.
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 percentage change in the Consumer Price Index (CPI) over a 12-month period. The CPI is a comprehensive measure of the average change in prices paid by consumers for a basket of goods and services, making the Annual trend a crucial gauge of overall inflation in the U.S. economy.
Methodology
The CPI data used in this trend is collected monthly by the U.S. Bureau of Labor Statistics through surveys of households and businesses.
Historical Context
The Annual trend is a major input into Federal Reserve monetary policy decisions and provides important context for interpreting the strength of consumer demand and producer pricing power.
Key Facts
- The Annual trend reached a high of 9.1% in June 2022, the fastest pace of inflation since 1981.
- The Federal Reserve aims to maintain an annual inflation rate of 2% over the long run.
- Persistent high inflation can erode consumer purchasing power and confidence.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year change in the Consumer Price Index (CPI), 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, consumer spending patterns, and the overall health of the U.S. economy.
Q: How is this data collected or calculated?
A: The CPI data used in this trend is collected monthly by the U.S. Bureau of Labor Statistics through surveys of households and businesses.
Q: How is this trend used in economic policy?
A: The Annual inflation rate is a key input into Federal Reserve monetary policy decisions, as the central bank aims to maintain price stability and moderate inflation over time.
Q: Are there update delays or limitations?
A: The Annual trend is updated monthly, with a slight lag, and represents the percentage change in prices over the past 12 months.
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Citation
U.S. Federal Reserve, Annual (CPALWE01USA661N), retrieved from FRED.