Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Japan
Growth rate same period previous year, Monthly
CPGRLE01JPM659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.00
Year-over-Year Change
-363.63%
Date Range
1/1/1956 - 6/1/2021
Summary
The 'Growth rate same period previous year, Monthly' trend measures the year-over-year change in the Consumer Price Index, a key indicator of inflation. This metric is closely watched by economists and policymakers to assess the overall state of the 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
This monthly economic indicator tracks the percent change in the Consumer Price Index (CPI) compared to the same month in the previous year. The CPI is a widely used measure of inflation, representing the average change in prices paid by consumers for a basket of goods and services.
Methodology
The data is collected through surveys of consumer expenditures and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
The growth rate in the CPI is a crucial input for Federal Reserve monetary policy decisions.
Key Facts
- The CPI covers about 93% of the total U.S. population.
- Inflation has averaged around 2-3% annually in the U.S. over the past decade.
- The Federal Reserve targets an inflation rate of 2% to maintain price stability.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in the Consumer Price Index (CPI), a widely used indicator of inflation in the United States.
Q: Why is this trend relevant for users or analysts?
A: The CPI growth rate is a crucial economic indicator that helps policymakers, consumers, and businesses understand the overall level of inflation in the economy. It informs Federal Reserve monetary policy decisions and is closely watched by analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures by the U.S. Bureau of Labor Statistics and calculated as the percent change in the CPI compared to the same month in the previous year.
Q: How is this trend used in economic policy?
A: The CPI growth rate is a key input for Federal Reserve monetary policy decisions, as the central bank aims to maintain an inflation target of around 2% to support a healthy economy.
Q: Are there update delays or limitations?
A: The CPI data is released monthly by the Bureau of Labor Statistics with a lag of about two weeks, providing timely but not real-time information on inflation trends.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (CPGRLE01JPM659N), retrieved from FRED.