Labor Compensation: Labor Cost: Private Sector: Total for Sweden
Annual
LCLCPR01SEA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117.52
Year-over-Year Change
33.20%
Date Range
1/1/1994 - 1/1/2022
Summary
The Annual trend measures the annual change in consumer prices for the total population in the United States. This metric is a key indicator of inflation and is closely monitored by policymakers and economists.
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 trend tracks the year-over-year percent change in the Consumer Price Index (CPI), a measure of the average change in prices paid by consumers for a basket of goods and services. It is a widely used barometer of inflation in the U.S. economy.
Methodology
The data is collected through surveys of consumer expenditures and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers at the Federal Reserve and other institutions rely on the Annual trend to inform monetary policy decisions.
Key Facts
- The Annual trend reached a 40-year high of 9.1% in June 2022.
- Inflation is a key concern for the Federal Reserve's monetary policy.
- Consumer spending accounts for over two-thirds of U.S. economic activity.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent 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: The Annual trend is a critical metric for understanding the overall rate of inflation in the economy, which is a primary concern for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers closely monitor the Annual trend to inform monetary policy decisions aimed at maintaining stable prices and supporting economic growth.
Q: Are there update delays or limitations?
A: The Annual trend is published monthly with a lag, and the data may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual (LCLCPR01SEA661N), retrieved from FRED.