Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Russia
Growth rate previous period
RUSCP020000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.81
Year-over-Year Change
7.58%
Date Range
4/1/2004 - 10/1/2021
Summary
The 'Growth rate previous period' metric measures the quarter-over-quarter change in the U.S. Consumer Price Index, 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
This series tracks the percentage change in the headline CPI between consecutive quarters, providing insight into the pace of price changes across the economy. It is a vital statistic for policymakers, analysts, and consumers monitoring inflation trends.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on the monthly CPI survey.
Historical Context
The growth rate previous period is closely watched by the Federal Reserve and financial markets as a gauge of economic conditions and the need for monetary policy adjustments.
Key Facts
- The CPI covers a broad basket of consumer goods and services.
- Quarterly growth in the CPI averaged 0.8% from 2010-2019.
- The Federal Reserve targets 2% annual inflation.
FAQs
Q: What does this economic trend measure?
A: This metric measures the quarter-over-quarter percent change in the U.S. Consumer Price Index, the government's primary gauge of inflation.
Q: Why is this trend relevant for users or analysts?
A: The growth rate previous period is a closely watched indicator that provides insight into the pace of price changes across the economy, which is vital information for policymakers, consumers, and market participants.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on the monthly Consumer Price Index survey.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely monitors the growth rate previous period as a key input for monetary policy decisions aimed at maintaining price stability and supporting maximum employment.
Q: Are there update delays or limitations?
A: The growth rate previous period data is published on a quarterly basis, with a typical release lag of about one month after the end of the reference quarter.
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Citation
U.S. Federal Reserve, Growth rate previous period (RUSCP020000GPQ), retrieved from FRED.