Producer Prices Index: Economic Activities: Manufacturing: Domestic for Costa Rica
Growth rate same period previous year, Monthly
CRIPIEAMP02GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.07
Year-over-Year Change
-42.12%
Date Range
1/1/1992 - 12/1/2022
Summary
The 'Growth rate same period previous year, Monthly' trend measures the year-over-year percent change in the Consumer Price Index for All Urban Consumers (CPI-U). This provides insight into the pace of inflation in the United States.
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 CPI-U is a widely followed measure of consumer price inflation and a key economic indicator used by policymakers, analysts, and businesses. The year-over-year growth rate offers a broader perspective on price changes compared to month-over-month data.
Methodology
The U.S. Bureau of Labor Statistics collects price data from households and businesses to calculate the CPI-U.
Historical Context
The CPI-U growth rate is closely monitored by the Federal Reserve and factors into monetary policy decisions.
Key Facts
- The CPI-U tracks the prices of a basket of consumer goods and services.
- Inflation above the Federal Reserve's 2% target can prompt interest rate hikes.
- High inflation erodes consumer purchasing power.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Monthly' trend measures the year-over-year percent change in the Consumer Price Index for All Urban Consumers (CPI-U), a key inflation indicator.
Q: Why is this trend relevant for users or analysts?
A: The CPI-U growth rate is a widely followed metric that provides insight into the overall pace of inflation in the U.S. economy, which is crucial information for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects price data from households and businesses to calculate the CPI-U.
Q: How is this trend used in economic policy?
A: The CPI-U growth rate is closely monitored by the Federal Reserve and factors into their monetary policy decisions, such as adjusting interest rates to achieve the central bank's inflation target.
Q: Are there update delays or limitations?
A: The CPI-U data is released monthly by the Bureau of Labor Statistics, with a typical delay of around two weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (CRIPIEAMP02GYM), retrieved from FRED.