Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Austria
Growth rate same period previous year, Annual
CPGRLE01ATA659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.75
Year-over-Year Change
79.04%
Date Range
1/1/1967 - 1/1/2024
Summary
The 'Growth rate same period previous year, Annual' measures the year-over-year change in the Consumer Price Index (CPI), a key indicator of inflation. This data provides important insights into the pace of price changes across 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
The annual growth rate of the CPI is a widely-used metric for understanding changes in the overall cost of living. Economists and policymakers closely monitor this indicator to assess inflationary pressures and inform decisions around monetary policy.
Methodology
The U.S. Bureau of Labor Statistics collects price data from households and businesses to calculate the CPI on a monthly basis.
Historical Context
The CPI growth rate is a critical input for the Federal Reserve's monetary policy decisions, as the central bank aims to maintain price stability.
Key Facts
- The CPI is a measure of the average change in prices paid by consumers for a basket of goods and services.
- The annual CPI growth rate is a key economic indicator monitored by the Federal Reserve.
- Rapid increases in the CPI growth rate can signal the need for the Fed to raise interest rates to curb inflation.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Annual' measures the year-over-year change in the Consumer Price Index (CPI), a widely-used indicator of inflation in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: The CPI growth rate is a crucial metric for economists, policymakers, and market participants as it provides insights into the pace of price changes and inflationary pressures in the broader economy.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects price data from households and businesses to calculate the monthly CPI, which is then used to derive the annual growth rate.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely monitors the CPI growth rate as a key input for its monetary policy decisions, as the central bank aims to maintain price stability in the U.S. economy.
Q: Are there update delays or limitations?
A: The CPI data is released monthly by the Bureau of Labor Statistics, with a typical lag of around two weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (CPGRLE01ATA659N), retrieved from FRED.