Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for United States
Growth rate same period previous year, Annual, Not Seasonally Adjusted
CPGRLE01USA659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.56
Year-over-Year Change
68.87%
Date Range
1/1/1958 - 1/1/2024
Summary
The 'Growth rate same period previous year, Annual, Not Seasonally Adjusted' trend measures the year-over-year change in consumer prices, providing insight into inflation dynamics.
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 economic indicator tracks the annual percent change in the Consumer Price Index (CPI), a key measure of inflation. It is commonly used by economists and policymakers to assess the overall price level and price stability within an economy.
Methodology
The data is collected through the Bureau of Labor Statistics' monthly CPI survey.
Historical Context
This inflation metric is closely monitored by the Federal Reserve and other institutions to inform monetary policy decisions.
Key Facts
- The CPI is a comprehensive measure of the average change in consumer prices.
- Annual inflation reached a high of 9.1% in June 2022, the highest level since 1981.
- The Federal Reserve aims to maintain inflation at around 2% over the long run.
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 gauge of inflation in the United States.
Q: Why is this trend relevant for users or analysts?
A: Inflation is a key economic indicator that affects consumer purchasing power, central bank policy, and overall economic conditions. Tracking CPI growth provides important insights for policymakers, businesses, and individuals.
Q: How is this data collected or calculated?
A: The data is collected through the Bureau of Labor Statistics' monthly CPI survey, which tracks the prices of a basket of consumer goods and services.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely monitors inflation metrics like this one to guide its monetary policy decisions, with the goal of maintaining price stability in the economy.
Q: Are there update delays or limitations?
A: The CPI data is released monthly by the Bureau of Labor Statistics, with a typical lag of about two weeks from the end of the reference period.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for United States
USACP050000GYM
Total Credit to Non-Financial Corporations, Adjusted for Breaks, for United States
QUSNAM770A
Consumer Price Index for United States
DDOE02USA086NWDB
Production, Sales, Work Started and Orders: Passenger Car Registrations: Economic Activity: Wholesale and Retail Trade and Repair of Motor Vehicles and Motorcycles for United States
USASACRMISMEI
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for United States
USACP010000GYM
International Trade: Exports: Value (Goods): Total for United States
XTEXVA01USQ188S
Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual, Not Seasonally Adjusted (CPGRLE01USA659N), retrieved from FRED.