Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Actual Rentals for Housing: Total for United States
Growth rate previous period, Quarterly
USACP040100GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.59
Year-over-Year Change
239.74%
Date Range
4/1/2010 - 10/1/2023
Summary
The 'Growth rate previous period, Quarterly' metric measures the quarterly change in the Consumer Price Index (CPI), a key indicator of inflation. This data is vital for economists and policymakers to monitor price stability and adjust monetary policies accordingly.
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 'Growth rate previous period, Quarterly' series tracks the quarter-over-quarter percent change in the Consumer Price Index (CPI), which is the most widely used measure of inflation in the United States. This data is crucial for the Federal Reserve and other economic analysts to assess the strength of inflationary pressures and make informed decisions about interest rates and other monetary policy tools.
Methodology
The data is calculated based on the monthly CPI reports published by the U.S. Bureau of Labor Statistics.
Historical Context
The quarterly CPI growth rate is a key input for the Federal Reserve's monetary policy decisions, as the central bank aims to maintain price stability and full employment.
Key Facts
- The CPI is a measure of the average change in prices paid by consumers for a basket of goods and services.
- The Federal Reserve targets an annual inflation rate of 2% to promote price stability.
- Quarterly CPI growth helps indicate whether the economy is experiencing inflationary or deflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Quarterly' metric measures the quarter-over-quarter percent change in the Consumer Price Index (CPI), which is the most widely used measure of inflation in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for the Federal Reserve and other economic analysts to assess the strength of inflationary pressures and make informed decisions about interest rates and other monetary policy tools.
Q: How is this data collected or calculated?
A: The data is calculated based on the monthly CPI reports published by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The quarterly CPI growth rate is a key input for the Federal Reserve's monetary policy decisions, as the central bank aims to maintain price stability and full employment.
Q: Are there update delays or limitations?
A: The CPI data is published monthly by the Bureau of Labor Statistics, and the quarterly growth rate is calculated based on this primary data source.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (USACP040100GPQ), retrieved from FRED.