Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for Ireland
Quarterly
IRLCP010000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.50
Year-over-Year Change
18.01%
Date Range
1/1/1976 - 7/1/2023
Summary
The Quarterly Percent Change in the U.S. Consumer Price Index for All Urban Consumers (CPI-U) measures the rate of inflation experienced by American households over a three-month period. This key economic indicator is closely watched by policymakers and analysts to understand price dynamics and cost-of-living changes.
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 comprehensive measure of the average change in prices paid by consumers for a basket of goods and services, including food, housing, transportation, and medical care. The quarterly percent change represents the percent change in the CPI-U index from one quarter to the next, providing insight into the pace of price inflation.
Methodology
The Bureau of Labor Statistics collects over 80,000 prices each month to calculate the CPI-U and its quarterly percent change.
Historical Context
The quarterly CPI-U percent change is a major factor in the Federal Reserve's monetary policy decisions and inflation targeting.
Key Facts
- The CPI-U accounts for approximately 93% of the total U.S. population.
- The quarterly CPI-U percent change has averaged 0.6% over the past 20 years.
- The highest quarterly CPI-U percent change on record was 5.3% in Q3 2008.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Percent Change in the U.S. Consumer Price Index for All Urban Consumers (CPI-U) measures the rate of inflation experienced by American households over a three-month period.
Q: Why is this trend relevant for users or analysts?
A: This key economic indicator is closely watched by policymakers and analysts to understand price dynamics and cost-of-living changes, which are critical inputs for monetary policy decisions and economic forecasting.
Q: How is this data collected or calculated?
A: The Bureau of Labor Statistics collects over 80,000 prices each month to calculate the CPI-U and its quarterly percent change.
Q: How is this trend used in economic policy?
A: The quarterly CPI-U percent change is a major factor in the Federal Reserve's monetary policy decisions and inflation targeting.
Q: Are there update delays or limitations?
A: The CPI-U data is released monthly, with the quarterly percent change calculated and published soon after the end of each quarter.
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Citation
U.S. Federal Reserve, Quarterly Percent Change in the U.S. Consumer Price Index for All Urban Consumers (IRLCP010000IXNBQ), retrieved from FRED.