Consumer Price Index: All Items: Total for Denmark
Growth rate previous period
CPALTT01DKQ657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.82
Year-over-Year Change
82.99%
Date Range
1/1/1967 - 1/1/2024
Summary
The 'Growth rate previous period' economic trend measures the rate of change in consumer prices over the prior period, providing insight into inflation dynamics.
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 metric tracks the percentage change in the Consumer Price Index (CPI) compared to the previous time frame, typically month-over-month or year-over-year. It offers economists and policymakers a valuable indicator of price pressures and purchasing power.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on their monthly CPI survey.
Historical Context
Policymakers and analysts use this metric to assess inflationary trends and guide monetary and fiscal policies.
Key Facts
- The 'Growth rate previous period' is reported monthly by the U.S. Bureau of Labor Statistics.
- This metric provides a timely signal of changes in consumer purchasing power.
- Central banks closely monitor this indicator when setting interest rates and other policies.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period' measures the month-over-month or year-over-year percentage change in the Consumer Price Index (CPI), a key indicator of inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric offers valuable insights into price pressures and consumer purchasing power, which are crucial factors for economic policymakers, businesses, and households.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on their monthly survey of consumer prices.
Q: How is this trend used in economic policy?
A: Central banks and government agencies closely monitor this inflation indicator when setting interest rates, guiding monetary policy, and assessing the overall health of the economy.
Q: Are there update delays or limitations?
A: The 'Growth rate previous period' data is released monthly by the Bureau of Labor Statistics, with a short lag, providing timely insights into inflationary trends.
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Citation
U.S. Federal Reserve, Growth rate previous period (CPALTT01DKQ657N), retrieved from FRED.