Consumer Price Index: Recreation and Culture (COICOP 09): Total for Ireland
Quarterly
IRLCP090000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.77
Year-over-Year Change
-4905.41%
Date Range
4/1/1983 - 7/1/2023
Summary
This economic trend measures the quarterly inflation rate for consumer prices in the United States. It is a key indicator used by policymakers and economists to track changes in the overall cost of living.
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 Quarterly Inflation Rate for Consumer Prices (IRLCP090000GPQ) tracks the annualized quarter-over-quarter change in the Consumer Price Index (CPI), a widely-used measure of inflation. It provides insights into the pace of price changes across a broad basket of consumer goods and services.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on monthly CPI surveys.
Historical Context
This inflation metric informs Federal Reserve monetary policy and is closely watched by financial markets.
Key Facts
- Inflation reached a 40-year high of 9.1% in June 2022.
- The Federal Reserve aims for an average inflation rate of 2% over time.
- Consumer spending accounts for over two-thirds of U.S. economic activity.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Inflation Rate for Consumer Prices measures the annualized quarter-over-quarter change in the Consumer Price Index (CPI), a key indicator of inflation in the United States.
Q: Why is this trend relevant for users or analysts?
A: This inflation metric is closely watched by policymakers, businesses, and consumers as it provides insights into changes in the overall cost of living. It informs Federal Reserve monetary policy decisions and is a crucial indicator for financial markets.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on monthly surveys of consumer prices.
Q: How is this trend used in economic policy?
A: The Quarterly Inflation Rate for Consumer Prices is a key input for Federal Reserve monetary policy decisions, as the central bank aims to maintain price stability and moderate inflation over time.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately one month, so the most recent quarter's figure may not reflect the current state of inflation.
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Citation
U.S. Federal Reserve, Quarterly Inflation Rate for Consumer Prices (IRLCP090000GPQ), retrieved from FRED.