Consumer Price Index for United States
DDOE02USA086NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.41
Year-over-Year Change
25.52%
Date Range
1/1/1960 - 1/1/2017
Summary
The Consumer Price Index (CPI) measures changes in the prices of consumer goods and services purchased by households in the United States. It is a key indicator of inflation and an important economic statistic used by policymakers.
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 tracks the cost of a representative basket of consumer goods and services, including food, housing, transportation, and medical care. It is widely used to adjust wages, salaries, and government payments to maintain purchasing power and monitor the impact of economic policies.
Methodology
The U.S. Bureau of Labor Statistics collects price data from a sample of retail and service establishments and calculates the CPI based on these observations.
Historical Context
The Federal Reserve closely monitors the CPI as part of its mandate to promote price stability and maximum employment.
Key Facts
- The CPI is calculated by the U.S. Bureau of Labor Statistics.
- The CPI is a widely used measure of inflation in the United States.
- The Federal Reserve targets a 2% annual increase in the CPI.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) measures changes in the prices of consumer goods and services purchased by households in the United States.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a key indicator of inflation and an important economic statistic used by policymakers, businesses, and consumers to understand changes in the cost of living and purchasing power.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects price data from a sample of retail and service establishments and calculates the CPI based on these observations.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely monitors the CPI as part of its mandate to promote price stability and maximum employment, adjusting monetary policy as needed to achieve its inflation target.
Q: Are there update delays or limitations?
A: The CPI is published monthly by the U.S. Bureau of Labor Statistics, with a typical release lag of around two weeks.
Related Trends
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Infra-Annual Registered Unemployment and Job Vacancies: Private Sector: Unfilled Vacancies for United States
LMJVPRUVUSM175S
Infra-Annual Labor Statistics: Labor Force Total: From 15 to 64 Years for United States
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National Accounts: GDP by Expenditure: Current Prices: Government Final Consumption Expenditure for United States
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Consumer Price Index: All Items: Total for United States
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Mutual Fund Assets to GDP for United States
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Citation
U.S. Federal Reserve, Consumer Price Index for United States (DDOE02USA086NWDB), retrieved from FRED.