Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Russia
Growth rate same period previous year
RUSCP010000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.02
Year-over-Year Change
46.99%
Date Range
1/1/2010 - 2/1/2022
Summary
The 'Growth rate same period previous year' metric measures the year-over-year change in consumer prices. It is a key economic indicator used to track inflation and consumer spending trends.
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 metric represents the percent change in the Consumer Price Index (CPI) compared to the same month in the previous year. It is a widely followed indicator of price changes and a key input for policymakers assessing the state of the economy and inflationary pressures.
Methodology
The CPI data is collected monthly by the U.S. Bureau of Labor Statistics through surveys of consumer expenditures.
Historical Context
Policymakers and analysts use this trend to inform monetary policy, consumer forecasts, and business planning.
Key Facts
- The CPI growth rate has averaged 2.5% over the past 20 years.
- Consumer prices typically rise faster during economic expansions.
- The Federal Reserve targets a 2% annual inflation rate.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year' metric measures the year-over-year change in the Consumer Price Index, a key indicator of inflation and consumer price trends.
Q: Why is this trend relevant for users or analysts?
A: This trend is a widely followed indicator that provides insight into inflationary pressures and consumer spending patterns, which are crucial inputs for policymakers, businesses, and individuals.
Q: How is this data collected or calculated?
A: The Consumer Price Index data is collected monthly by the U.S. Bureau of Labor Statistics through surveys of consumer expenditures.
Q: How is this trend used in economic policy?
A: Policymakers, such as the Federal Reserve, closely monitor this trend to inform monetary policy decisions and manage inflation targets.
Q: Are there update delays or limitations?
A: The CPI data is published monthly with a typical lag of around two weeks, providing timely information on price changes.
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Citation
U.S. Federal Reserve, Growth rate same period previous year (RUSCP010000GYM), retrieved from FRED.