Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Slovak Republic
Growth rate same period previous year, Annual
CPGRLE01SKA659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.66
Year-over-Year Change
23.36%
Date Range
1/1/1996 - 1/1/2024
Summary
The Growth rate same period previous year, Annual trend measures the year-over-year change in the Consumer Price Index (CPI) in the United States. This metric is widely used by economists and policymakers to assess the pace of inflation.
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 same period previous year, Annual trend tracks the annual percentage change in the Consumer Price Index (CPI), a key measure of consumer inflation. This statistic is closely monitored by the Federal Reserve and other economic analysts to evaluate price stability and inform monetary policy decisions.
Methodology
The data is calculated based on the monthly CPI reports published by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers use this inflation metric to guide interest rate adjustments and other actions aimed at maintaining stable prices and economic growth.
Key Facts
- The annual CPI growth rate reached a multi-decade high of 9.1% in June 2022.
- The Federal Reserve targets an annual inflation rate of 2% to maintain price stability.
- Rapid inflation can erode consumer purchasing power and lead to higher interest rates.
FAQs
Q: What does this economic trend measure?
A: The Growth rate same period previous year, Annual trend measures the year-over-year change in the Consumer Price Index (CPI), a key indicator of consumer inflation in the United States.
Q: Why is this trend relevant for users or analysts?
A: This inflation metric is closely watched by economists, policymakers, and market participants to assess the overall state of the economy and guide decisions on interest rates, consumer spending, and other policies.
Q: How is this data collected or calculated?
A: The data is derived from the monthly Consumer Price Index reports published by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers use this inflation gauge to inform monetary policy decisions, such as adjusting interest rates, to maintain stable prices and promote sustainable economic growth.
Q: Are there update delays or limitations?
A: The Growth rate same period previous year, Annual data is published monthly with a short lag, allowing for timely analysis of inflationary trends.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (CPGRLE01SKA659N), retrieved from FRED.