Balance of Payments: Services: Revenue for G7
Percentage of goods and services, Seasonally Adjusted
G7B6CRSE03STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.28
Year-over-Year Change
16.60%
Date Range
1/1/1999 - 10/1/2024
Summary
The 'Percentage of goods and services, Seasonally Adjusted' metric measures the rate of change in the prices of a basket of consumer goods and services in the United States. It is a key indicator of inflation and consumer purchasing power.
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 series represents the percentage change in the Consumer Price Index (CPI), a widely used measure of inflation. The CPI tracks the prices of a representative basket of consumer goods and services, adjusting for seasonal variations. It is closely monitored by policymakers, economists, and investors to assess the health of the broader economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through comprehensive surveys of consumer expenditures and prices.
Historical Context
The CPI and its components are used to inform monetary policy decisions, guide cost-of-living adjustments, and analyze consumer spending trends.
Key Facts
- The CPI is measured on a scale where 1982-1984 = 100.
- The CPI covers approximately 93% of the total U.S. population.
- The CPI is one of the most closely watched economic indicators in the United States.
FAQs
Q: What does this economic trend measure?
A: The 'Percentage of goods and services, Seasonally Adjusted' metric measures the rate of change in the prices of a basket of consumer goods and services in the United States, a key indicator of inflation.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a widely used measure of inflation that is closely monitored by policymakers, economists, and investors to assess the health of the broader economy and guide policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics through comprehensive surveys of consumer expenditures and prices.
Q: How is this trend used in economic policy?
A: The CPI and its components are used to inform monetary policy decisions, guide cost-of-living adjustments, and analyze consumer spending trends.
Q: Are there update delays or limitations?
A: The CPI data is published monthly with a relatively short lag, providing timely insights into inflationary pressures.
Related Trends
Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 64 Years for G7
G7LFIN64TTSTQ
Infra-Annual Labor Statistics: Employment Rate Female: From 15 to 64 Years for G7
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Balance of Payments: Other Investment: Liabilities (or Net Incurrence of Liabilities) for G7
G7B6FAOI03CXCUQ
Infra-Annual Labor Statistics: Unemployment Female: 15 Years or over for G7
G7LFUNTTFESTQ
Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 64 Years for G7
G7LREM64TTSTQ
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for G7
G7PRINTO01IXOBSAQ
Citation
U.S. Federal Reserve, Percentage of goods and services, Seasonally Adjusted (G7B6CRSE03STSAQ), retrieved from FRED.