Producer Prices Index: Economic Activities: Manufacturing: Total for Colombia
Growth rate same period previous year, Quarterly
COLPIEAMP01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.51
Year-over-Year Change
244.60%
Date Range
7/1/2000 - 10/1/2022
Summary
The Growth rate same period previous year, Quarterly series tracks the year-over-year change in a key measure of consumer price inflation in the United States. This metric is closely monitored by economists and policymakers 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 Growth rate same period previous year, Quarterly series measures the year-over-year percent change in the Consumer Price Index for All Urban Consumers (CPI-U), a widely used indicator of consumer price inflation. This metric provides insights into the pace of price changes across a broad basket of goods and services, which is crucial for evaluating monetary policy and consumer purchasing power.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on monthly surveys of consumer expenditures.
Historical Context
The Growth rate same period previous year, Quarterly series is a key input for the Federal Reserve's monetary policy decisions and is closely watched by financial markets, economists, and policymakers.
Key Facts
- The series tracks year-over-year changes in the CPI-U.
- Inflation above the Federal Reserve's 2% target can prompt interest rate hikes.
- Consumer price inflation reached a 40-year high of 9.1% in June 2022.
FAQs
Q: What does this economic trend measure?
A: The Growth rate same period previous year, Quarterly series measures the year-over-year percent change in the Consumer Price Index for All Urban Consumers (CPI-U), a widely used indicator of consumer price inflation in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for evaluating the overall health of the economy, as it provides insights into the pace of price changes across a broad basket of goods and services. It is a key input for the Federal Reserve's monetary policy decisions and is closely watched by financial markets, economists, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics based on monthly surveys of consumer expenditures.
Q: How is this trend used in economic policy?
A: The Growth rate same period previous year, Quarterly series is a key input for the Federal Reserve's monetary policy decisions. Inflation above the Federal Reserve's 2% target can prompt interest rate hikes to cool the economy and bring prices under control.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical delay of several weeks after the end of the reference quarter.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (COLPIEAMP01GYQ), retrieved from FRED.