Currency Conversions: US Dollar Exchange Rate: Average of Daily Rates: National Currency: USD for India
Annual
CCUSMA02INA618N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83.68
Year-over-Year Change
56.80%
Date Range
1/1/1957 - 1/1/2024
Summary
This economic trend measures annual changes in consumer prices, a key indicator of inflation in the United States. It is closely watched by policymakers and analysts to assess the overall health of 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
The Annual Consumer Price Index (CPI) tracks the average change in prices paid by consumers for a basket of goods and services over a 12-month period. It is a widely used metric for understanding the purchasing power of the U.S. dollar and consumer spending patterns.
Methodology
The data is collected through surveys of consumers and businesses by the U.S. Bureau of Labor Statistics.
Historical Context
The Annual CPI is a critical input for Federal Reserve monetary policy decisions and consumer confidence analysis.
Key Facts
- The Annual CPI increased by 6.5% in 2022, the highest 12-month rate since 1982.
- Energy prices rose 13.1% over the past year, while food prices increased 10.4%.
- The Federal Reserve aims to maintain an average annual inflation rate of 2% over the long term.
FAQs
Q: What does this economic trend measure?
A: The Annual Consumer Price Index (CPI) measures the average change in prices paid by consumers for a basket of goods and services over a 12-month period. It is a key indicator of inflation in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Annual CPI is a critical economic indicator used by policymakers, businesses, and consumers to understand the purchasing power of the U.S. dollar and assess the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumers and businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Annual CPI is a key input for Federal Reserve monetary policy decisions, as the central bank aims to maintain an average annual inflation rate of 2% over the long term.
Q: Are there update delays or limitations?
A: The Annual CPI data is released monthly by the Bureau of Labor Statistics, with a typical one-month lag in reporting.
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Citation
U.S. Federal Reserve, Annual Consumer Price Index (CCUSMA02INA618N), retrieved from FRED.