Consumer Price Index: All Items: Total
OECDCPALTT01IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
134.73
Year-over-Year Change
22.35%
Date Range
1/1/1970 - 7/1/2023
Summary
The Consumer Price Index (CPI) All Items: Total measures the overall change in prices for a basket of consumer goods and services in the United States. It is a key indicator of inflation and a crucial metric for economic policymakers.
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 inflation that tracks the price changes of a wide range of consumer items, including food, housing, transportation, and medical care. It is used by government agencies, businesses, and individuals to assess the purchasing power of the U.S. dollar and the health of the overall economy.
Methodology
The U.S. Bureau of Labor Statistics collects price data from a sample of retail and service establishments nationwide to calculate the CPI.
Historical Context
The CPI All Items: Total is closely monitored by the Federal Reserve and other policymakers to inform interest rate decisions and broader economic policies.
Key Facts
- The CPI All Items: Total is published monthly by the U.S. Bureau of Labor Statistics.
- The CPI basket includes over 200 categories of consumer goods and services.
- The CPI is a widely-used benchmark for cost-of-living adjustments, such as Social Security payments.
FAQs
Q: What does this economic trend measure?
A: The CPI All Items: Total measures the overall change in prices for a broad basket of consumer goods and services in the United States.
Q: Why is this trend relevant for users or analysts?
A: The CPI All Items: Total is a crucial indicator of inflation and a key metric used by policymakers, businesses, and consumers to assess the purchasing power of the U.S. dollar and the health of the economy.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects price data from a sample of retail and service establishments nationwide to calculate the CPI.
Q: How is this trend used in economic policy?
A: The CPI All Items: Total is closely monitored by the Federal Reserve and other policymakers to inform interest rate decisions and broader economic policies.
Q: Are there update delays or limitations?
A: The CPI All Items: Total is published monthly by the U.S. Bureau of Labor Statistics, with a typical release lag of around two weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: All Items: Total (OECDCPALTT01IXNBQ), retrieved from FRED.