Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Ireland
Growth rate same period previous year
IRLCPHP1000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.20
Year-over-Year Change
10.00%
Date Range
1/1/1997 - 3/1/2025
Summary
The 'Growth rate same period previous year' metric measures the year-over-year change in consumer price inflation, providing insight into the pace of price changes in the economy.
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 economic indicator tracks the annual percentage change in the consumer price index (CPI), which is a widely used measure of inflation. It compares the current CPI to the value from the same period one year prior, revealing trends in the overall price level.
Methodology
The U.S. Bureau of Labor Statistics calculates this measure based on its monthly CPI survey data.
Historical Context
Policymakers and analysts monitor this inflation gauge to assess the need for adjustments to monetary or fiscal policies.
Key Facts
- CPI inflation averaged 1.4% in 2020.
- The inflation rate reached a 40-year high of 9.1% in June 2022.
- The Federal Reserve aims for 2% annual inflation.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year' metric tracks the annual percentage change in the consumer price index (CPI), a key measure of inflation in the economy.
Q: Why is this trend relevant for users or analysts?
A: This inflation gauge is closely watched by policymakers, businesses, and consumers to assess price pressures and the need for adjustments to monetary or fiscal policies.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics calculates this measure based on its monthly consumer price index (CPI) survey data.
Q: How is this trend used in economic policy?
A: Central banks like the Federal Reserve use this inflation metric to inform monetary policy decisions aimed at maintaining price stability and supporting economic growth.
Q: Are there update delays or limitations?
A: This data is released monthly by the Bureau of Labor Statistics with a typical lag of around 2 weeks.
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Citation
U.S. Federal Reserve, Growth rate same period previous year (IRLCPHP1000GYM), retrieved from FRED.