Growth Rate Same Period Previous Year, Quarterly
CPALTT01G7Q659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.70
Year-over-Year Change
0.00%
Date Range
1/1/1971 - 7/1/2017
Summary
This economic trend measures the year-over-year growth rate of the Consumer Price Index (CPI) for the U.S. on a quarterly basis. It provides important insights into the pace of inflation in the domestic 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 trend tracks the percentage change in the CPI compared to the same quarter of the previous year. This metric helps economists and policymakers analyze the trajectory of consumer price inflation over time.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on their monthly CPI survey.
Historical Context
This inflation indicator is closely monitored by the Federal Reserve and other institutions for its implications on monetary policy decisions.
Key Facts
- The CPI tracks the prices of a basket of consumer goods and services.
- Inflation has major impacts on consumer purchasing power and cost of living.
- The Federal Reserve targets an annual inflation rate of around 2% for price stability.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of the Consumer Price Index (CPI) on a quarterly basis, providing insights into the pace of inflation in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This inflation indicator is closely watched by economists, policymakers, and market participants for its implications on monetary policy decisions and consumer purchasing power.
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 CPI survey.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions monitor this inflation metric closely to inform monetary policy and maintain price stability in the domestic economy.
Q: Are there update delays or limitations?
A: This quarterly data is published with a brief lag to allow for collection and compilation by the statistical agency.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Quarterly (CPALTT01G7Q659N), retrieved from FRED.