Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for G7
Growth rate same period previous year, Quarterly
G7CPALTT01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.68
Year-over-Year Change
-57.32%
Date Range
1/1/1971 - 1/1/2025
Summary
The Growth rate same period previous year, Quarterly metric tracks the year-over-year percentage change in prices for goods and services in the United States. This fundamental economic indicator is closely watched by policymakers and analysts to assess inflationary pressures.
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 quarterly economic indicator measures the year-over-year growth rate in the Personal Consumption Expenditures (PCE) price index, a key gauge of consumer inflation in the U.S. economy. The PCE price index is the Federal Reserve's preferred measure of inflation and a critical data point for monetary policy decisions.
Methodology
The Bureau of Economic Analysis calculates this metric based on the change in the PCE price index compared to the same quarter of the previous year.
Historical Context
Policymakers, economists, and market participants closely monitor this inflation indicator to understand consumer spending trends and inform economic forecasting.
Key Facts
- The PCE price index is the Federal Reserve's preferred measure of inflation.
- This metric tracks year-over-year changes in consumer prices and spending.
- Quarterly inflation data is a key input for monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: This metric measures the year-over-year growth rate in the Personal Consumption Expenditures (PCE) price index, a key gauge of consumer inflation in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: The PCE price index and its year-over-year growth rate are closely watched by policymakers, economists, and market participants to understand consumer spending trends and inform economic forecasting and monetary policy decisions.
Q: How is this data collected or calculated?
A: The Bureau of Economic Analysis calculates this metric based on the change in the PCE price index compared to the same quarter of the previous year.
Q: How is this trend used in economic policy?
A: Policymakers, such as the Federal Reserve, use this inflation indicator to assess price pressures and make monetary policy decisions to maintain price stability and support economic growth.
Q: Are there update delays or limitations?
A: This quarterly economic indicator is published by the Bureau of Economic Analysis with a typical release lag of one to two months after the end of the reference quarter.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (G7CPALTT01GYQ), retrieved from FRED.