Growth Rate Previous Period, Monthly
CPALTT01G7M657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.30
Year-over-Year Change
200.00%
Date Range
2/1/1970 - 9/1/2017
Summary
The Growth Rate Previous Period, Monthly measures the month-over-month change in the Consumer Price Index (CPI), a key indicator of inflation 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 trend provides insight into the pace of price changes across a broad basket of consumer goods and services. Economists and policymakers closely monitor this data to assess inflationary pressures and guide monetary policy decisions.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on monthly surveys of consumer prices.
Historical Context
The growth rate in consumer prices is a critical input for the Federal Reserve's monetary policy objectives.
Key Facts
- The CPI covers a representative basket of over 80,000 goods and services.
- Inflation erodes consumer purchasing power and can impact economic growth.
- The Federal Reserve targets a 2% annual inflation rate to promote price stability.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period, Monthly measures the month-over-month change in the Consumer Price Index (CPI), a key gauge of inflation in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: Monitoring changes in consumer prices is crucial for economists, policymakers, and market participants to assess inflationary pressures and guide decisions on monetary policy, investments, and household budgeting.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on monthly surveys of consumer prices across a representative basket of goods and services.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely tracks changes in consumer prices as a key input for setting monetary policy, with the goal of maintaining price stability and promoting maximum employment.
Q: Are there update delays or limitations?
A: The Growth Rate Previous Period, Monthly data is published by the U.S. Bureau of Labor Statistics with a typical lag of around two weeks after the end of the reference month.
Related Trends
Infra-Annual Labor Statistics: Labor Force Female: From 15 to 24 Years for G7
G7LFAC24FESTQ
Infra-Annual Labor Statistics: Labor Force Female: 15 Years or over for G7
G7LFACTTFEGPSAQ
Production: Manufacturing: Total manufacturing: Total manufacturing for G7
G7PRMNTO01IXOBSAQ
International Trade: Net trade: Value (goods): Total for G7
G7XTNTVA01STSAQ
Infra-Annual Labor Statistics: Employment Male: From 55 to 64 Years for G7
G7LFEM55MAGPSAQ
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for G7
G7CPALTT01GYM
Citation
U.S. Federal Reserve, Growth Rate Previous Period, Monthly (CPALTT01G7M657N), retrieved from FRED.