Growth Rate Same Period Previous Year, Quarterly
CPGRLE01G7Q659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.40
Year-over-Year Change
-17.65%
Date Range
1/1/1971 - 7/1/2017
Summary
This economic trend measures the annualized quarterly growth rate of the consumer price index (CPI) relative to the same quarter of the previous year. It provides insight into the pace of inflation and consumer price dynamics.
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 of the CPI from the same quarter of the prior year is a key indicator of inflation over the medium term. It captures the year-over-year change in consumer prices, offering a more stable view compared to the month-over-month CPI metric.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on their regular CPI survey and sampling.
Historical Context
This inflation measure is closely watched by the Federal Reserve and other policymakers to inform monetary policy decisions.
Key Facts
- The average annual CPI growth rate was 3.5% in 2022.
- The CPI growth rate reached a 40-year high of 9.1% in June 2022.
- The Federal Reserve aims to maintain 2% annual inflation over the long term.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annualized year-over-year growth rate of the consumer price index (CPI), providing insight into the pace of inflation in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: The CPI growth rate is a key inflation indicator closely monitored by policymakers, economists, and market participants to understand consumer price dynamics and inform economic decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on their regular CPI survey and sampling.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers use this inflation measure to guide monetary policy decisions aimed at maintaining price stability and supporting broader economic objectives.
Q: Are there update delays or limitations?
A: The CPI growth rate data is published quarterly with a lag of about one month, reflecting the time required for data collection and analysis.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Quarterly (CPGRLE01G7Q659N), retrieved from FRED.