Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for United States
USACPIALLAINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132.35
Year-over-Year Change
36.63%
Date Range
1/1/1955 - 1/1/2024
Summary
The Consumer Price Index (CPI) measures changes in the prices paid by consumers for a basket of goods and services. It is a key indicator of inflation and a widely-used metric for economic and policy analysis.
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 CPI is a comprehensive measure of the average change in prices paid by consumers for a fixed market basket of consumer goods and services. It is a leading indicator of price changes in the broader economy and a gauge of purchasing power.
Methodology
The CPI is calculated by the U.S. Bureau of Labor Statistics based on a survey of retail prices.
Historical Context
The CPI is closely watched by the Federal Reserve and policymakers as it informs decisions on monetary policy and interest rates.
Key Facts
- The CPI is calculated monthly by the U.S. Bureau of Labor Statistics.
- The CPI basket includes over 200 categories of consumer goods and services.
- The CPI is a widely-used benchmark for measuring the overall cost of living.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) measures changes in the prices paid by consumers for a fixed basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a key indicator of inflation and a widely-used metric for economic and policy analysis, informing decisions on monetary policy and interest rates.
Q: How is this data collected or calculated?
A: The CPI is calculated monthly by the U.S. Bureau of Labor Statistics based on a survey of retail prices.
Q: How is this trend used in economic policy?
A: The CPI is closely watched by the Federal Reserve and policymakers as it informs decisions on monetary policy and interest rates.
Q: Are there update delays or limitations?
A: The CPI is published monthly with a short delay, providing timely data on consumer price changes.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for United States (USACPIALLAINMEI), retrieved from FRED.