Consumer Price Index: All Items: Total
OECDCPALTT01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.65
Year-over-Year Change
1.85%
Date Range
2/1/1970 - 2/1/2024
Summary
The Consumer Price Index (CPI) All Items: Total measures the overall price level of consumer goods and services in the United States. It is a key economic indicator used to track inflation and guide policy decisions.
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 CPI All Items: Total is a comprehensive measure of the average change in prices paid by consumers for a basket of goods and services. It is a widely followed economic indicator used to assess the purchasing power of the U.S. dollar and inform monetary policy.
Methodology
The CPI data is collected by the U.S. Bureau of Labor Statistics through surveys of households and businesses.
Historical Context
The CPI is closely monitored by the Federal Reserve and policymakers to help guide decisions on interest rates and other economic policies.
Key Facts
- The CPI is calculated monthly by the U.S. Bureau of Labor Statistics.
- The CPI is a widely watched indicator of U.S. inflation and cost of living.
- Changes in the CPI can impact Federal Reserve monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) All Items: Total measures the overall price level of consumer goods and services in the United States.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a key economic indicator used to track inflation and guide policy decisions, making it highly relevant for economists, policymakers, and consumers.
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 households and businesses.
Q: How is this trend used in economic policy?
A: The CPI is closely monitored by the Federal Reserve and policymakers to help guide decisions on interest rates and other economic policies.
Q: Are there update delays or limitations?
A: The CPI data is published monthly with a short delay, providing timely information on consumer price trends.
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Citation
U.S. Federal Reserve, Consumer Price Index: All Items: Total (OECDCPALTT01GPM), retrieved from FRED.