Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Turkey
Annual
CPGRLE01TRA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58.60
Year-over-Year Change
710.01%
Date Range
1/1/1994 - 1/1/2022
Summary
The Annual trend measures the annual rate of change in the consumer price index for all urban consumers in the United States. This is a key inflation indicator used by policymakers and analysts to assess overall price pressures in 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
The Annual trend tracks the year-over-year percent change in the CPI-U, the most widely followed measure of inflation in the U.S. It provides a broad assessment of how quickly prices are rising across a range of consumer goods and services, which is crucial for economic decision-making.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on monthly CPI surveys.
Historical Context
Policymakers at the Federal Reserve and other institutions closely monitor the Annual trend to guide monetary policy decisions.
Key Facts
- The Annual trend reached a multi-decade high of 9.1% in June 2022.
- The Federal Reserve aims for an annual inflation rate of around 2%.
- Rapid inflation can erode consumer purchasing power and economic growth.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year change in the consumer price index, providing a broad indicator of inflation in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: The Annual inflation rate is a crucial data point used by policymakers, economists, and market participants to assess overall price pressures and make informed decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on monthly surveys of consumer prices.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions monitor the Annual trend closely to guide monetary policy decisions aimed at maintaining stable prices and supporting economic growth.
Q: Are there update delays or limitations?
A: The Annual inflation data is released monthly with a short lag, providing timely information on price changes.
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Citation
U.S. Federal Reserve, Annual (CPGRLE01TRA657N), retrieved from FRED.