Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Russia
Quarterly
RUSCP110000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.57
Year-over-Year Change
88.98%
Date Range
4/1/2004 - 10/1/2021
Summary
The Quarterly trend measures the quarterly rate of change in the U.S. Consumer Price Index (CPI), a key indicator of inflation. This metric is vital for policymakers and economists to understand price dynamics and inform monetary policy decisions.
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 represents the quarter-over-quarter percent change in the CPI, which tracks the average change in prices paid by urban consumers for a basket of consumer goods and services. This high-frequency data point is a crucial input for the Federal Reserve and other stakeholders in assessing inflationary pressures.
Methodology
The CPI data is collected by the U.S. Bureau of Labor Statistics through surveys of households and businesses.
Historical Context
The Quarterly CPI change rate is closely monitored by the Federal Reserve and financial markets to gauge the effectiveness of monetary policy and guide future interest rate decisions.
Key Facts
- The Quarterly CPI trend is reported on a seasonally adjusted basis.
- The Federal Reserve targets an annual inflation rate of 2% as part of its dual mandate.
- CPI data is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Quarterly trend measures the quarter-over-quarter percent change in the U.S. Consumer Price Index (CPI), a key indicator of inflation in the economy.
Q: Why is this trend relevant for users or analysts?
A: The Quarterly CPI change rate is a vital economic indicator used by policymakers, economists, and financial market participants to assess inflationary pressures and guide monetary policy decisions.
Q: How is this data collected or calculated?
A: The CPI data is collected by the U.S. Bureau of Labor Statistics through surveys of households and businesses.
Q: How is this trend used in economic policy?
A: The Quarterly CPI change rate is closely monitored by the Federal Reserve to gauge the effectiveness of monetary policy and inform future interest rate decisions aimed at maintaining price stability.
Q: Are there update delays or limitations?
A: The Quarterly CPI data is released on a monthly basis by the U.S. Bureau of Labor Statistics, with a typical one-month lag in reporting.
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Citation
U.S. Federal Reserve, Quarterly (RUSCP110000GPQ), retrieved from FRED.