Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for United States
USACP030000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.26
Year-over-Year Change
17.02%
Date Range
12/1/2010 - 12/1/2024
Summary
The Consumer Price Index (CPI) for Clothing and Footwear in the United States tracks changes in the retail prices of apparel, shoes, and related accessories. This metric is a key indicator of consumer inflation and an important input for economic policymaking.
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 Clothing and Footwear CPI is part of the broader Consumer Price Index, which measures the average change in prices paid by consumers for a basket of goods and services. The Clothing and Footwear component focuses specifically on tracking price trends in the apparel and footwear market.
Methodology
The data is collected through monthly surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use the Clothing and Footwear CPI to assess consumer spending patterns and inflationary pressures in the economy.
Key Facts
- The Clothing and Footwear CPI is a sub-component of the broader Consumer Price Index.
- Apparel and footwear account for approximately 3% of the total CPI market basket.
- The CPI for Clothing and Footwear is seasonally adjusted to account for typical annual fluctuations.
FAQs
Q: What does this economic trend measure?
A: The Clothing and Footwear CPI measures the change in retail prices for apparel, shoes, and related accessories purchased by consumers in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into consumer spending patterns and inflationary pressures in the apparel and footwear market, which is a key component of the overall economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Clothing and Footwear CPI to assess consumer spending patterns and inflationary pressures, which informs monetary policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: The Clothing and Footwear CPI is published monthly, with a typical release lag of around two weeks after the end of the reference month.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for United States (USACP030000GYM), retrieved from FRED.