Consumer Price Index: OECD Groups: Housing: Total for Ireland
Quarterly
IRLCPGRHO01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.37
Year-over-Year Change
2112.54%
Date Range
1/1/1990 - 7/1/2023
Summary
The Quarterly Inflation Rate is a key economic indicator that measures the rate of change in consumer prices over a three-month period. It provides insight into the overall price dynamics and inflation pressures in the economy.
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 tracks the annualized percentage change in the Consumer Price Index (CPI) from one quarter to the next. It is a widely monitored metric used by policymakers, analysts, and businesses to assess inflationary trends and inform economic decision-making.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on the CPI, a comprehensive measure of the average change in prices paid by consumers.
Historical Context
The Quarterly Inflation Rate is a critical input for the Federal Reserve's monetary policy decisions as it signals the need for adjustments to interest rates and other measures to maintain price stability.
Key Facts
- The Quarterly Inflation Rate averaged 2.3% from 2010 to 2020.
- Elevated inflation can erode consumer purchasing power and undermine economic growth.
- The Federal Reserve aims to maintain a 2% annual inflation target.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Inflation Rate measures the annualized percentage change in the Consumer Price Index (CPI) from one quarter to the next, providing insight into overall price dynamics and inflationary pressures in the economy.
Q: Why is this trend relevant for users or analysts?
A: The Quarterly Inflation Rate is a crucial economic indicator used by policymakers, analysts, and businesses to assess inflationary trends and inform decision-making, particularly for the Federal Reserve's monetary policy actions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on the Consumer Price Index (CPI), a comprehensive measure of the average change in prices paid by consumers.
Q: How is this trend used in economic policy?
A: The Quarterly Inflation Rate is a critical input for the Federal Reserve's monetary policy decisions, as it signals the need for adjustments to interest rates and other measures to maintain price stability and support sustainable economic growth.
Q: Are there update delays or limitations?
A: The Quarterly Inflation Rate data is released by the U.S. Bureau of Labor Statistics on a regular schedule, with a typical lag of around one month after the end of the quarter.
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Citation
U.S. Federal Reserve, Quarterly Inflation Rate (IRLCPGRHO01GPQ), retrieved from FRED.