Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Switzerland
Growth rate previous period, Monthly
CHECP110000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.81
Year-over-Year Change
5.07%
Date Range
1/1/1983 - 12/1/2023
Summary
The 'Growth rate previous period, Monthly' measures the month-over-month change in the personal consumption expenditures (PCE) price index, a key indicator of consumer inflation.
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 growth rate reflects the percent change in the PCE price index compared to the previous month. It is a valuable metric for economists and policymakers to monitor consumer price trends and evaluate the effectiveness of monetary policy.
Methodology
The data is calculated from the U.S. Bureau of Economic Analysis' personal consumption expenditures price index.
Historical Context
The Federal Reserve closely tracks this monthly PCE growth rate to help guide interest rate decisions and maintain price stability.
Key Facts
- The PCE price index is the Federal Reserve's preferred inflation measure.
- Inflation has remained above the Fed's 2% target since early 2021.
- This metric helps assess the impact of monetary policy on consumer prices.
FAQs
Q: What does this economic trend measure?
A: This metric measures the month-over-month percent change in the personal consumption expenditures (PCE) price index, a key indicator of consumer inflation.
Q: Why is this trend relevant for users or analysts?
A: The monthly PCE growth rate is a valuable indicator for economists and policymakers to monitor consumer price trends and evaluate the effectiveness of monetary policy actions.
Q: How is this data collected or calculated?
A: The data is calculated from the U.S. Bureau of Economic Analysis' personal consumption expenditures price index.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely tracks this monthly PCE growth rate to help guide interest rate decisions and maintain price stability.
Q: Are there update delays or limitations?
A: The PCE price index data is released monthly with a short lag, providing timely insights into consumer inflation trends.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (CHECP110000GPM), retrieved from FRED.