Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Water Supply and Miscellaneous Services Relating to the Dwelling for Costa Rica
Growth rate same period previous year, Quarterly
CRICP040400GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.99
Year-over-Year Change
-39.66%
Date Range
1/1/1996 - 10/1/2021
Summary
This economic trend measures the year-over-year growth rate of the consumer price index (CPI) on a quarterly basis. It provides important insights into the pace of inflation in the U.S. 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 growth rate same period previous year, quarterly indicator tracks the percentage change in the CPI compared to the same quarter in the prior year. This metric is widely used by economists and policymakers to monitor price pressures and inform monetary policy decisions.
Methodology
The data is calculated based on the U.S. Bureau of Labor Statistics' monthly CPI survey.
Historical Context
Policymakers at the Federal Reserve closely monitor this inflation gauge when setting interest rates and managing economic stability.
Key Facts
- CPI growth rate averaged 2.3% in 2022.
- Inflation reached a 40-year high of 9.1% in June 2022.
- The Fed aims to maintain 2% average annual inflation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percentage change in the U.S. consumer price index (CPI) on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The CPI growth rate is a key indicator of inflationary pressures in the economy, which is vital information for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on their monthly survey of consumer prices.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely tracks this inflation gauge when setting monetary policy and interest rates to maintain price stability.
Q: Are there update delays or limitations?
A: The data is released quarterly with a brief lag, providing timely information on the pace of inflation.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (CRICP040400GYQ), retrieved from FRED.