Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for Austria
Annual
IRSTCI01ATA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.10
Year-over-Year Change
4127.09%
Date Range
1/1/1999 - 1/1/2024
Summary
The 'Annual' trend measures the annual rate of change in the consumer price index (CPI) for total items 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
The annual CPI rate tracks the year-over-year change in the overall price level of goods and services purchased by urban consumers. It is a widely followed metric for assessing the Federal Reserve's progress towards its 2% inflation target.
Methodology
The CPI data is collected by the U.S. Bureau of Labor Statistics through surveys of consumer expenditures.
Historical Context
The annual CPI rate informs Federal Reserve monetary policy decisions and market expectations of future inflation.
Key Facts
- The U.S. Federal Reserve targets a 2% annual inflation rate.
- Consumer prices rose 6.5% in the 12 months ending December 2022.
- Rising prices can erode consumer purchasing power and standards of living.
FAQs
Q: What does this economic trend measure?
A: The 'Annual' trend measures the year-over-year change in the consumer price index (CPI), which tracks the overall price level of goods and services purchased by urban consumers in the United States.
Q: Why is this trend relevant for users or analysts?
A: The annual CPI rate is a key indicator of inflation and consumer purchasing power, and it informs Federal Reserve monetary policy decisions and market expectations of future inflation.
Q: How is this data collected or calculated?
A: The CPI data is collected by the U.S. Bureau of Labor Statistics through surveys of consumer expenditures.
Q: How is this trend used in economic policy?
A: The annual CPI rate is a crucial input for the Federal Reserve's monetary policy decisions, as the central bank aims to maintain price stability and full employment.
Q: Are there update delays or limitations?
A: The CPI data is typically released on a monthly basis, with a one-month lag, providing timely information on changes in consumer prices.
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Citation
U.S. Federal Reserve, Annual (IRSTCI01ATA156N), retrieved from FRED.