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Annual
CCUSSP02INA650N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83.27
Year-over-Year Change
56.35%
Date Range
1/1/1960 - 1/1/2023
Summary
The Annual trend measures the year-over-year change in the cost of consumer services in the United States. This metric is a key indicator of inflation and consumer spending patterns.
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 tracks the annual percent change in the Consumer Price Index (CPI) for services, a widely followed measure of consumer inflation. It provides insights into price pressures and consumer behavior across the U.S. economy.
Methodology
The U.S. Bureau of Labor Statistics collects price data through surveys to calculate the CPI-Services index.
Historical Context
Policymakers and analysts monitor this trend to assess the broader inflationary environment and consumer demand.
Key Facts
- The CPI-Services index accounts for over 60% of the total CPI basket.
- Service prices tend to be stickier and less volatile than goods prices.
- The Annual trend typically lags behind changes in goods inflation.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in the cost of consumer services in the United States, as tracked by the Consumer Price Index (CPI).
Q: Why is this trend relevant for users or analysts?
A: The Annual trend provides important insights into consumer inflation and spending patterns, which are closely monitored by policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects price data through consumer surveys to calculate the CPI-Services index, which is the basis for the Annual trend.
Q: How is this trend used in economic policy?
A: The Annual trend is a key input for the Federal Reserve's monetary policy decisions, as well as being closely watched by analysts to assess the broader inflationary environment.
Q: Are there update delays or limitations?
A: The Annual trend is published monthly with a lag of about two weeks, reflecting the time required to collect and process the underlying CPI data.
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Citation
U.S. Federal Reserve, Annual (CCUSSP02INA650N), retrieved from FRED.