Infra-Annual Labor Statistics: Inactivity Rate Total: From 15 to 64 Years for Canada
Annual, Seasonally Adjusted
LRIN64TTCAA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.18
Year-over-Year Change
-8.13%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Annual, Seasonally Adjusted' trend measures the annual change in the price index for consumer goods and services in the U.S. This key economic indicator provides insights into inflation and consumer spending patterns.
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 consumer price index (CPI) trend tracks the average change in prices paid by urban consumers for a representative basket of goods and services. It is a widely used metric for monitoring and managing inflation, as well as informing economic policy decisions.
Methodology
The Bureau of Labor Statistics collects price data from households and businesses to calculate this seasonally adjusted CPI series.
Historical Context
Policymakers, economists, and analysts closely monitor the CPI to assess changes in the cost of living and make informed decisions about economic management.
Key Facts
- The CPI is calculated for urban consumers, representing about 93% of the U.S. population.
- The CPI basket includes over 200 categories of consumer goods and services.
- The CPI is a key input for adjusting Social Security and other government payments for inflation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual change in the consumer price index (CPI), which tracks the average change in prices paid by urban consumers for a representative basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a widely used metric for monitoring and managing inflation, as well as informing economic policy decisions. It provides insights into consumer spending patterns and the overall cost of living.
Q: How is this data collected or calculated?
A: The Bureau of Labor Statistics collects price data from households and businesses to calculate this seasonally adjusted CPI series.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and analysts closely monitor the CPI to assess changes in the cost of living and make informed decisions about economic management, such as adjusting government payments for inflation.
Q: Are there update delays or limitations?
A: The CPI data is released monthly by the Bureau of Labor Statistics, with a short delay. The seasonally adjusted series may be subject to revision as new data becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRIN64TTCAA156S), retrieved from FRED.