Producer Prices Index: Economic Activities: Manufacture of Food Products: Domestic for Colombia
Growth rate same period previous year, Monthly
COLPIEAFD02GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.98
Year-over-Year Change
2.77%
Date Range
12/1/2007 - 8/1/2018
Summary
The 'Growth rate same period previous year, Monthly' trend measures the year-over-year change in the Consumer Price Index for All Urban Consumers (CPI-U), a key inflation indicator tracked by policymakers.
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 monthly series provides the year-over-year percent change in the CPI-U, which represents changes in the prices paid by urban consumers for a representative basket of goods and services. It is an important economic indicator used to assess the overall rate of inflation in the United States.
Methodology
The CPI-U data is collected by the U.S. Bureau of Labor Statistics through surveys of households and businesses.
Historical Context
Policymakers and analysts closely monitor this inflation trend to inform monetary policy decisions and economic forecasts.
Key Facts
- The CPI-U is a widely used measure of inflation in the United States.
- The 'Growth rate same period previous year' series tracks the annual change in CPI-U.
- Policymakers use this trend to help set interest rates and other monetary policy tools.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in the Consumer Price Index for All Urban Consumers (CPI-U), a key indicator of inflation in the United States.
Q: Why is this trend relevant for users or analysts?
A: This inflation trend is closely watched by policymakers, economists, and market participants to assess the overall price environment and inform economic forecasts and monetary policy decisions.
Q: How is this data collected or calculated?
A: The CPI-U data is collected by the U.S. Bureau of Labor Statistics through surveys of households and businesses.
Q: How is this trend used in economic policy?
A: Policymakers, such as the Federal Reserve, use this inflation trend as a key input when setting interest rates and other monetary policy tools to achieve their price stability and employment objectives.
Q: Are there update delays or limitations?
A: The CPI-U data is published monthly by the Bureau of Labor Statistics with a typical 2-week lag, providing timely insight into prevailing inflation conditions.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (COLPIEAFD02GYM), retrieved from FRED.