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, Monthly
CPGRLE01SKM659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.11
Year-over-Year Change
45.09%
Date Range
1/1/1996 - 3/1/2025
Summary
The 'Growth rate same period previous year, Monthly' series measures the year-over-year change in consumer prices. This key inflation indicator is closely monitored by policymakers and economists to assess price stability.
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 Consumer Price Index (CPI) series tracks the percentage change in consumer prices compared to the same month in the previous year. It provides insights into the overall rate of inflation in the economy, which is a critical factor for monetary and fiscal policy decisions.
Methodology
The U.S. Bureau of Labor Statistics collects price data from households and businesses to calculate the CPI, a comprehensive measure of inflation.
Historical Context
The Federal Reserve uses this and other inflation data to guide interest rate policies aimed at maintaining price stability and supporting maximum employment.
Key Facts
- The CPI is a widely followed measure of inflation in the United States.
- The Federal Reserve targets an inflation rate of 2% to support a healthy economy.
- Changes in the CPI can influence interest rate decisions and consumer purchasing power.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Monthly' series tracks the year-over-year percentage change in consumer prices, providing a key measure of inflation in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This inflation data is crucial for policymakers, economists, and consumers to understand the overall price environment and its implications for monetary policy, purchasing power, and economic conditions.
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 Consumer Price Index, which is then used to derive the year-over-year growth rate.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely monitors this and other inflation measures to guide its interest rate policies, with the goal of maintaining price stability and supporting maximum employment.
Q: Are there update delays or limitations?
A: The 'Growth rate same period previous year, Monthly' data is published with a short lag, typically around two weeks after the end of the reference month, providing timely insights into current inflation dynamics.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (CPGRLE01SKM659N), retrieved from FRED.