Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for United States
Index 2015=100, Monthly
USACP030000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.71
Year-over-Year Change
1.26%
Date Range
12/1/2009 - 12/1/2024
Summary
The 'Index 2015=100, Monthly' trend measures 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 monthly price index tracks the changes in the average cost of a basket of consumer goods and services across the United States. It is a widely-used metric for monitoring the overall price level and cost of living.
Methodology
The data is collected through surveys of prices paid by urban consumers.
Historical Context
The CPI index is closely watched by the Federal Reserve and policymakers for informing monetary policy decisions.
Key Facts
- The CPI is calculated based on prices for over 200 categories of consumer goods and services.
- The CPI is a commonly used benchmark for adjusting government benefits, rental rates, and other payments.
- The CPI index has a base year of 2015, meaning the 2015 average price level is set to 100.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2015=100, Monthly' trend measures the U.S. consumer price index, which tracks the average change in prices paid by urban consumers for a basket of consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a widely-used indicator of inflation and consumer purchasing power, and is closely monitored by the Federal Reserve and policymakers for informing economic and monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices paid by urban consumers across the United States.
Q: How is this trend used in economic policy?
A: The CPI index is used by the Federal Reserve and policymakers to gauge inflationary pressures and inform decisions on monetary policy, such as interest rate adjustments.
Q: Are there update delays or limitations?
A: The CPI data is released monthly with a short delay, typically around two weeks after the end of the reference month.
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Citation
U.S. Federal Reserve, Index 2015=100, Monthly (USACP030000IXOBM), retrieved from FRED.