Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Costa Rica
Growth rate previous period
CRICP110000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.10
Year-over-Year Change
404.33%
Date Range
4/1/1995 - 10/1/2021
Summary
The 'Growth rate previous period' trend measures the quarter-over-quarter growth rate of the Consumer Price Index, a key indicator of inflation. This metric is closely watched by economists and policymakers to assess price stability and guide monetary policy decisions.
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 previous period' tracks the rate of change in the CPI, the most widely used measure of consumer inflation in the United States. This annualized growth rate is an important economic indicator that helps the Federal Reserve and other analysts evaluate price pressures and the overall health of the economy.
Methodology
The data is calculated based on the Consumer Price Index, a monthly survey of prices paid by urban consumers for a representative basket of goods and services.
Historical Context
The growth rate of the CPI is a critical input for the Federal Reserve's monetary policy decisions, as the central bank aims to maintain price stability and control inflation.
Key Facts
- The CPI is the most widely used measure of inflation in the US.
- The Federal Reserve targets an average inflation rate of 2% over the long run.
- Consumer price growth can impact interest rates, purchasing power, and standards of living.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period' measures the quarter-over-quarter annualized growth rate of the Consumer Price Index (CPI), the most widely used indicator of consumer inflation in the United States.
Q: Why is this trend relevant for users or analysts?
A: This inflation growth rate is a critical economic indicator that helps policymakers, businesses, and consumers assess price pressures and the overall health of the economy. It informs monetary policy decisions and can impact interest rates, purchasing power, and standards of living.
Q: How is this data collected or calculated?
A: The data is calculated based on the monthly Consumer Price Index survey, which tracks the prices paid by urban consumers for a representative basket of goods and services.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely monitors the CPI growth rate as a key input for its monetary policy decisions, as the central bank aims to maintain price stability and control inflation within its target range.
Q: Are there update delays or limitations?
A: The CPI growth rate data is published monthly by the U.S. Bureau of Labor Statistics, with a typical release lag of around two weeks after the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate previous period (CRICP110000GPQ), retrieved from FRED.