Real Gross Domestic Product: Private Industries in Colorado
Annual, Not Seasonally Adjusted
COPIRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
394,757.70
Year-over-Year Change
57.55%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted trend measures the changes in consumer prices over time, providing an important indicator of inflation for economists and 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 Consumer Price Index for All Urban Consumers (CPI-U) trend tracks the average change in the prices paid by urban consumers for a market basket of consumer goods and services. It is a key measure of the overall price level and cost of living for the broader U.S. economy.
Methodology
The U.S. Bureau of Labor Statistics collects the underlying price data through surveys to calculate this index.
Historical Context
CPI data is used by the Federal Reserve and other policymakers to help guide monetary policy decisions.
Key Facts
- The CPI-U tracks over 200 categories of consumer expenditures.
- CPI is a commonly cited measure of U.S. inflation.
- The Federal Reserve targets 2% annual inflation.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures changes in the overall price level of consumer goods and services in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: CPI is a key indicator of inflation and the cost of living, providing important insights for economic policy, consumer spending, and investment decisions.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects price data through surveys to calculate the CPI-U index.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers closely monitor CPI data to help guide monetary policy decisions aimed at maintaining stable prices and low inflation.
Q: Are there update delays or limitations?
A: The CPI-U data is released monthly with a lag, and may not fully capture all price changes in the economy.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (COPIRGSP), retrieved from FRED.