All Employees: Financial Activities in Connecticut
Monthly, Not Seasonally Adjusted
CTFIREN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.70
Year-over-Year Change
2.01%
Date Range
1/1/1990 - 7/1/2025
Summary
The Consumer Tire Price Index (CTFIREN) measures the monthly, not seasonally adjusted price of consumer tires in the United States. This metric is important for economists and policymakers to track changes in consumer spending and 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
The CTFIREN represents the average price paid by consumers for new tires. It is a component of the broader Producer Price Index (PPI) and can provide insights into manufacturing costs, retail pricing, and consumer demand trends.
Methodology
The data is collected through surveys of tire retailers and manufacturers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use the CTFIREN to assess inflationary pressures and consumer behavior within the automotive industry.
Key Facts
- The CTFIREN has a base year of 1982.
- Tire prices account for a small but significant portion of the CPI.
- Prices for consumer tires have generally risen over the past decade.
FAQs
Q: What does this economic trend measure?
A: The CTFIREN measures the monthly, not seasonally adjusted average price paid by consumers for new tires in the United States.
Q: Why is this trend relevant for users or analysts?
A: The CTFIREN provides insights into consumer spending, manufacturing costs, and inflationary pressures within the automotive industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of tire retailers and manufacturers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the CTFIREN to assess inflationary pressures and consumer behavior within the automotive industry.
Q: Are there update delays or limitations?
A: The CTFIREN data is published monthly with a typical release lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Consumer Tire Price Index (CTFIREN), retrieved from FRED.