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Annual
CCUSSP02ILA650N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.69
Year-over-Year Change
3.02%
Date Range
1/1/1960 - 1/1/2023
Summary
The Annual trend measures the annual inflation rate for consumer prices in the United States. This metric is a key indicator of overall economic health and price stability.
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 trend represents the year-over-year percent change in the Consumer Price Index (CPI), a widely followed measure of consumer inflation. It is a crucial statistic for policymakers, economists, and investors to assess the effectiveness of monetary policy and the strength of consumer demand.
Methodology
The U.S. Bureau of Labor Statistics collects price data from households and businesses to calculate the CPI, which forms the basis of the Annual inflation rate.
Historical Context
The Federal Reserve closely monitors the Annual inflation trend when setting interest rate policy to achieve its dual mandate of price stability and maximum employment.
Key Facts
- The Annual inflation rate reached a 40-year high of 9.1% in June 2022.
- The Federal Reserve aims for an annual inflation target of 2% over the long run.
- Consumer spending accounts for over two-thirds of U.S. economic activity.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in the Consumer Price Index (CPI), which is the government's primary gauge of consumer inflation in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Annual inflation rate is a crucial economic indicator that helps policymakers, economists, and investors assess the overall health of the economy and the effectiveness of monetary policy.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects price data from households and businesses to calculate the CPI, which forms the basis of the Annual inflation rate.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely monitors the Annual inflation trend when setting interest rate policy to achieve its dual mandate of price stability and maximum employment.
Q: Are there update delays or limitations?
A: The Annual inflation data is released monthly by the Bureau of Labor Statistics, with a typical release lag of about two weeks.
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Citation
U.S. Federal Reserve, Annual (CCUSSP02ILA650N), retrieved from FRED.