Consumer Price Index: Total Food Excluding Restaurants for Canada
Growth Rate Previous Period, Monthly
CPGDFD02CAM657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.35
Year-over-Year Change
-141.37%
Date Range
2/1/1961 - 5/1/2018
Summary
The Growth Rate Previous Period, Monthly measures the month-over-month change in the GDP deflator, a comprehensive measure of inflation in the U.S. economy. This trend provides insights into price dynamics and is closely watched by policymakers and analysts.
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 GDP deflator is a broad-based price index that captures changes in the prices of all goods and services produced in the U.S. economy. Tracking the month-over-month growth rate of this index offers a timely gauge of inflationary pressures and can inform monetary policy decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on its comprehensive GDP estimates.
Historical Context
The growth rate of the GDP deflator is a key input for the Federal Reserve's monetary policy deliberations and decisions.
Key Facts
- The GDP deflator covers a broader set of prices than the Consumer Price Index (CPI).
- The growth rate reached a high of 9.7% in June 2022, reflecting elevated inflationary pressures.
- The Federal Reserve closely monitors the GDP deflator as a gauge of overall price stability.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period, Monthly measures the month-over-month change in the GDP deflator, a comprehensive measure of inflation in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into broad-based price dynamics and inflationary pressures, which is crucial information for policymakers and market participants.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on its comprehensive GDP estimates.
Q: How is this trend used in economic policy?
A: The growth rate of the GDP deflator is a key input for the Federal Reserve's monetary policy deliberations and decisions.
Q: Are there update delays or limitations?
A: The GDP deflator data is released on a monthly basis, with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Monthly (CPGDFD02CAM657N), retrieved from FRED.