Production: Construction: Total for Luxembourg
Annual
PRCNTO01LUA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4.34
Year-over-Year Change
1.74%
Date Range
1/1/1957 - 1/1/2024
Summary
The Annual trend measures the percent change in the cost of living from one year to the next. It is a key indicator of inflation and consumer purchasing power.
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 Annual trend tracks the year-over-year change in the Consumer Price Index (CPI), which is the most widely used measure of inflation in the United States. This metric is closely monitored by policymakers, businesses, and consumers to understand broader economic conditions.
Methodology
The U.S. Bureau of Labor Statistics collects price data from thousands of retail and service establishments to calculate the CPI.
Historical Context
The Annual inflation rate is a critical input for Federal Reserve monetary policy decisions.
Key Facts
- The Annual inflation rate was 8.5% in March 2022.
- Annual inflation has not exceeded 8% since the early 1980s.
- The Federal Reserve aims to maintain 2% annual inflation.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in the Consumer Price Index (CPI), which is the most commonly used gauge of inflation in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Annual inflation rate is a crucial indicator of consumer purchasing power and a key input for Federal Reserve monetary policy decisions.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects price data from thousands of retail and service establishments to calculate the Consumer Price Index.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely monitors the Annual inflation rate and uses it as a primary factor in setting interest rates and other monetary policy actions.
Q: Are there update delays or limitations?
A: The Annual inflation data is published monthly with a short lag, making it a timely and widely referenced economic indicator.
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Citation
U.S. Federal Reserve, Annual (PRCNTO01LUA659S), retrieved from FRED.