Consumer Price Index: Harmonized Prices: All Items: Total for Slovak Republic
Growth rate previous period, Annual
CPHPTT01SKA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.10
Year-over-Year Change
1628.57%
Date Range
1/1/1996 - 1/1/2022
Summary
The growth rate previous period, Annual measures the year-over-year change in the cost of consumer goods and services. This key indicator provides insights into inflation 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
This annual growth rate series tracks changes in the Consumer Price Index (CPI), a widely-used measure of consumer inflation. Economists and policymakers closely monitor this indicator to assess the overall state of the economy.
Methodology
The data is calculated based on the U.S. Bureau of Labor Statistics' monthly CPI survey.
Historical Context
The growth rate previous period, Annual informs decision-making by the Federal Reserve and other institutions responsible for monetary and fiscal policy.
Key Facts
- The CPI covers a broad basket of consumer goods and services.
- Annual inflation reached a 40-year high of 9.1% in June 2022.
- The Federal Reserve aims to maintain 2% annual inflation.
FAQs
Q: What does this economic trend measure?
A: The growth rate previous period, Annual measures the year-over-year change in the Consumer Price Index (CPI), a key indicator of consumer inflation.
Q: Why is this trend relevant for users or analysts?
A: This inflation metric is closely watched by economists, policymakers, and consumers to assess changes in the overall cost of living and purchasing power.
Q: How is this data collected or calculated?
A: The data is calculated based on the U.S. Bureau of Labor Statistics' monthly CPI survey of consumer prices.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions use this inflation indicator to inform monetary policy decisions and manage price stability.
Q: Are there update delays or limitations?
A: The annual growth rate data is published monthly with a slight lag, reflecting the time required to collect and process the underlying CPI survey.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual (CPHPTT01SKA657N), retrieved from FRED.