Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for United States
Growth rate same period previous year, Annual
CPALTT01USA659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.95
Year-over-Year Change
42.53%
Date Range
1/1/1956 - 1/1/2024
Summary
The annual growth rate of the Consumer Price Index (CPI) measures the change in the overall price level of consumer goods and services compared to the same period a year earlier. This key economic indicator is closely watched by policymakers to assess inflationary pressures.
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 annual CPI growth rate tracks the year-over-year change in the CPI, a widely used measure of consumer inflation. It provides insight into the purchasing power of the US dollar and the overall cost of living for households. Economists and central banks closely monitor this indicator to inform monetary policy decisions.
Methodology
The CPI data is collected and calculated monthly by the US Bureau of Labor Statistics based on a representative basket of consumer goods and services.
Historical Context
The annual CPI growth rate is a critical input for the Federal Reserve's monetary policy as it aims to achieve its dual mandate of price stability and maximum employment.
Key Facts
- The CPI covers around 93% of the total US population.
- The Fed's long-term inflation target is 2% annual growth.
- CPI data is released monthly by the Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The annual growth rate of the Consumer Price Index (CPI) measures the change in the overall price level of consumer goods and services compared to the same period a year earlier.
Q: Why is this trend relevant for users or analysts?
A: The annual CPI growth rate is a key indicator of inflation that provides insight into the purchasing power of the US dollar and the overall cost of living for households. It is closely monitored by policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The CPI data is collected and calculated monthly by the US Bureau of Labor Statistics based on a representative basket of consumer goods and services.
Q: How is this trend used in economic policy?
A: The annual CPI growth rate is a critical input for the Federal Reserve's monetary policy as it aims to achieve its dual mandate of price stability and maximum employment.
Q: Are there update delays or limitations?
A: The CPI data is released monthly by the Bureau of Labor Statistics with a short delay, providing timely information on inflationary trends.
Related Trends
Consumer Price Index: All Items: Total for United States
CPALTT01USM657N
Bank Concentration for United States
DDOI01USA156NWDB
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for United States
USACPICORMINMEI
Bank Credit to Bank Deposits for United States
DDSI04USA156NWDB
Life Expectancy at Birth, Total for the United States
SPDYNLE00INUSA
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for United States
USACP030000CTGYM
Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (CPALTT01USA659N), retrieved from FRED.