Consumer Price Index: All Items: Total for Canada
Growth rate previous period, Monthly
CPALTT01CAM657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.32
Year-over-Year Change
-18.98%
Date Range
11/1/1940 - 2/1/2024
Summary
The Growth rate previous period, Monthly trend measures the month-over-month percent change in consumer prices, providing insights into inflation dynamics and consumer purchasing power.
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 tracks the monthly percentage change in the Consumer Price Index (CPI), a key measure of inflation. It is closely monitored by policymakers, economists, and investors to assess the overall state of the economy and guide decisions.
Methodology
The data is collected through surveys of consumer expenditures and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
The growth rate in consumer prices is a vital input for the Federal Reserve's monetary policy decisions.
Key Facts
- The CPI is a basket of consumer goods and services used to measure changes in the cost of living.
- Inflation has a direct impact on consumer purchasing power and the real value of wages.
- The Federal Reserve aims to maintain a target inflation rate of around 2% to promote price stability.
FAQs
Q: What does this economic trend measure?
A: The Growth rate previous period, Monthly trend measures the month-over-month percent change in the Consumer Price Index (CPI), a key gauge of inflation.
Q: Why is this trend relevant for users or analysts?
A: This inflation metric is closely watched by policymakers, economists, and investors to assess the overall state of the economy and inform decision-making.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The growth rate in consumer prices is a vital input for the Federal Reserve's monetary policy decisions, as the central bank aims to maintain a target inflation rate.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely insights into the latest inflation developments.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (CPALTT01CAM657N), retrieved from FRED.