Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Colombia
Growth rate previous period, Quarterly
COLCP110000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.73
Year-over-Year Change
289.65%
Date Range
4/1/2009 - 7/1/2023
Summary
The growth rate previous period, quarterly trend measures the quarterly change in the consumer price index, which is a key indicator of inflation in the United States.
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 provides insights into the pace of price changes in the broader economy, helping policymakers and analysts assess inflationary pressures and make informed decisions.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on a survey of consumer prices.
Historical Context
The growth rate previous period, quarterly trend is closely watched by the Federal Reserve and other institutions to guide monetary policy.
Key Facts
- The consumer price index is a measure of the average change in prices paid by consumers for a basket of goods and services.
- The growth rate previous period, quarterly trend shows the percent change in the CPI from the previous quarter.
- This indicator is used by the Federal Reserve to help set interest rates and guide monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The growth rate previous period, quarterly trend measures the quarterly change in the consumer price index, which is a key indicator of inflation in the United States.
Q: Why is this trend relevant for users or analysts?
A: This economic indicator provides insights into the pace of price changes in the broader economy, helping policymakers and analysts assess inflationary pressures and make informed decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on a survey of consumer prices.
Q: How is this trend used in economic policy?
A: The growth rate previous period, quarterly trend is closely watched by the Federal Reserve and other institutions to guide monetary policy.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis, with a short delay between the end of the quarter and the publication of the growth rate.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (COLCP110000GPQ), retrieved from FRED.