Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Norway
Growth rate same period previous year, Quarterly
CPGRLE01NOQ659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.61
Year-over-Year Change
12.44%
Date Range
1/1/1979 - 1/1/2025
Summary
The 'Growth rate same period previous year, Quarterly' series measures the year-over-year change in the Quarterly Consumer Price Index (CPI) for the U.S. economy. This metric is a key indicator of inflation trends and consumer purchasing power.
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 Quarterly CPI Growth Rate measures the percent change in the Consumer Price Index between the current quarter and the same quarter in the previous year. This provides a snapshot of the economy's inflationary pressures and the impact on consumer buying power over the medium term.
Methodology
The U.S. Bureau of Labor Statistics collects price data on a basket of consumer goods and services to calculate the CPI.
Historical Context
Policymakers and economists closely monitor this inflation gauge to inform monetary and fiscal policy decisions.
Key Facts
- The CPI growth rate measures the change in consumer prices over a 1-year period.
- Positive growth indicates increasing inflation, while negative growth signals deflation.
- The Federal Reserve targets an annual CPI growth rate of around 2% for price stability.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Quarterly' series measures the year-over-year percent change in the U.S. Consumer Price Index (CPI) on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This inflation gauge is a key indicator of changes in consumer purchasing power and a critical input for policymakers and economists in assessing the overall health of the economy.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects prices on a representative basket of consumer goods and services to calculate the CPI, which is then used to derive the year-over-year quarterly growth rate.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers closely monitor this inflation metric to inform monetary policy decisions aimed at maintaining price stability and supporting sustainable economic growth.
Q: Are there update delays or limitations?
A: The quarterly CPI growth rate data is released with a lag of approximately one month after the end of each quarter.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (CPGRLE01NOQ659N), retrieved from FRED.