Nominal Final Consumption Expenditure for Canada
Annual, Not Seasonally Adjusted
NCXDCCAA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,366,713.00
Year-over-Year Change
68.05%
Date Range
1/1/1961 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the annual percent change in the cost of consumer goods and services in the United States. This key indicator provides insight into the overall rate of inflation experienced by households.
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 annual inflation rate tracks the year-over-year change in the Consumer Price Index (CPI), a widely used metric for monitoring price levels. It is a critical statistic for economists, policymakers, and consumers to understand the purchasing power of the U.S. dollar.
Methodology
The data is collected through surveys of consumer expenditures and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
The annual inflation rate is closely watched by the Federal Reserve and factors into monetary policy decisions.
Key Facts
- The annual inflation rate reached a 40-year high of 9.1% in June 2022.
- The Federal Reserve aims to maintain a 2% annual inflation target.
- Rapid price increases can erode consumer purchasing power and living standards.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' 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 inflation rate is a critical statistic for understanding the overall cost of living and purchasing power of the U.S. dollar. It is closely watched by policymakers, economists, 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 annual inflation rate is a key input into Federal Reserve monetary policy decisions, as the central bank aims to maintain price stability and moderate inflation.
Q: Are there update delays or limitations?
A: The annual inflation data is published monthly with a short lag, providing timely information on price changes for policymakers and the public.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (NCXDCCAA), retrieved from FRED.