Growth Rate Same Period Previous Year, Monthly
CPALTT01O1M659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.20
Year-over-Year Change
57.14%
Date Range
1/1/1971 - 10/1/2017
Summary
The 'Growth Rate Same Period Previous Year, Monthly' trend measures the year-over-year percent change in the Consumer Price Index (CPI), a key indicator of inflation. This metric is widely followed by economists, policymakers, and market analysts to assess broader price pressures in the U.S. 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, Monthly' series calculates the annual percent change in the CPI, a comprehensive measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. This indicator is a critical data point for the Federal Reserve and other institutions in evaluating inflation and guiding monetary policy decisions.
Methodology
The U.S. Bureau of Labor Statistics collects price data from households and businesses to compute the CPI on a monthly basis.
Historical Context
Policymakers and market participants closely monitor this inflation metric to assess the overall health of the economy and make informed decisions.
Key Facts
- The CPI is the most widely used measure of inflation in the U.S.
- The Federal Reserve aims for a 2% annual inflation target.
- The 'Growth Rate Same Period Previous Year, Monthly' trend reached a high of 9.1% in June 2022.
FAQs
Q: What does this economic trend measure?
A: The 'Growth Rate Same Period Previous Year, Monthly' trend measures the year-over-year percent change in the Consumer Price Index (CPI), a key indicator of inflation in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This inflation metric is closely watched by economists, policymakers, and market participants to assess broader price pressures and guide monetary policy decisions.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects price data from households and businesses to compute the CPI on a monthly basis.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions use this inflation indicator to evaluate the overall health of the economy and make informed decisions regarding monetary policy.
Q: Are there update delays or limitations?
A: The 'Growth Rate Same Period Previous Year, Monthly' data is released by the U.S. Bureau of Labor Statistics on a timely monthly basis, with no significant update delays.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Monthly (CPALTT01O1M659N), retrieved from FRED.