Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for G20
Growth rate same period previous year, Monthly
G20CPALTT01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.21
Year-over-Year Change
-41.41%
Date Range
1/1/1997 - 3/1/2025
Summary
The 'Growth rate same period previous year, Monthly' series measures the year-over-year change in consumer prices, providing insight into inflation trends.
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 economic indicator tracks the annual growth rate in the Consumer Price Index (CPI), a key measure of consumer inflation. Economists and policymakers closely monitor this metric to understand price pressures and guide monetary policy decisions.
Methodology
The data is calculated based on the U.S. Bureau of Labor Statistics' monthly CPI surveys.
Historical Context
The CPI growth rate is a critical input for the Federal Reserve's inflation targeting and interest rate policies.
Key Facts
- The CPI growth rate was 6.5% in December 2022.
- The Federal Reserve aims for a 2% annual inflation target.
- Rapid price growth can erode consumer purchasing power.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Monthly' series measures the year-over-year change in the Consumer Price Index (CPI), a key gauge 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 as it provides insight into price pressures and the overall state of the economy.
Q: How is this data collected or calculated?
A: The data is calculated based on monthly CPI surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The CPI growth rate is a critical input for the Federal Reserve's inflation targeting and interest rate policies, as they aim to maintain price stability.
Q: Are there update delays or limitations?
A: The CPI growth rate data is released monthly with a slight delay, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (G20CPALTT01GYM), retrieved from FRED.