Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Russia
Quarterly
RUSCP030000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.49
Year-over-Year Change
25.82%
Date Range
4/1/2004 - 10/1/2021
Summary
The Quarterly Trend measures the quarterly percentage change in U.S. consumer prices. It is a key indicator of inflation and helps policymakers and analysts understand the state of the economy.
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 Quarterly Trend tracks the quarter-over-quarter percentage change in the Consumer Price Index (CPI), a widely-used measure of inflation. It provides insight into the pace and direction of price movements across the broader U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on monthly surveys of consumer prices.
Historical Context
The Quarterly Trend is closely monitored by the Federal Reserve and other policymakers to guide monetary policy decisions.
Key Facts
- The Quarterly Trend reached a high of 4.7% in Q3 2022.
- Consumer prices have risen over 8% on an annual basis in 2022.
- The Federal Reserve has raised interest rates to combat high inflation.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Trend measures the quarter-over-quarter percentage change in the Consumer Price Index (CPI), a key measure of inflation in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: The Quarterly Trend provides important insights into the pace and direction of price changes, which is crucial for policymakers, businesses, and consumers to understand the state of the economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on monthly surveys of consumer prices.
Q: How is this trend used in economic policy?
A: The Quarterly Trend is closely monitored by the Federal Reserve and other policymakers to guide monetary policy decisions, such as interest rate adjustments, to help manage inflation.
Q: Are there update delays or limitations?
A: The Quarterly Trend data is released by the U.S. Bureau of Labor Statistics with a typical delay of around one month after the end of the quarter.
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Citation
U.S. Federal Reserve, Quarterly (RUSCP030000GPQ), retrieved from FRED.