Infra-Annual Labor Statistics: Employment: Economic Activity: Industry (Including Construction): Total for Denmark
Quarterly, Seasonally Adjusted
LFEAICTTDKQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
599,500.00
Year-over-Year Change
7.42%
Date Range
1/1/1999 - 10/1/2024
Summary
The Quarterly, Seasonally Adjusted economic trend measures consumer inflation in the United States, which is a key indicator for 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
This inflation metric tracks changes in the prices of a basket of consumer goods and services, providing insight into the overall cost of living and purchasing power 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
Consumer price inflation is closely monitored by the Federal Reserve and other institutions to guide monetary policy decisions.
Key Facts
- Inflation reached a 40-year high of 9.1% in June 2022.
- The Federal Reserve aims for a 2% annual inflation target.
- Consumer spending accounts for approximately 70% of U.S. economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures changes in the prices of a representative basket of consumer goods and services, providing a gauge of overall inflation in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: Monitoring consumer price inflation is crucial for policymakers, businesses, and individuals to understand purchasing power, guide investment decisions, and inform monetary policy.
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 using a weighted average of price changes.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely monitors consumer price inflation to guide its monetary policy decisions, such as adjusting interest rates, to maintain price stability and support economic growth.
Q: Are there update delays or limitations?
A: The Quarterly, Seasonally Adjusted inflation data is published with a lag of approximately one month, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LFEAICTTDKQ647S), retrieved from FRED.