Consumer Price Index: All Items: Total for Portugal
Growth rate previous period, Annual
CPALTT01PTA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.31
Year-over-Year Change
18.02%
Date Range
1/1/1956 - 1/1/2023
Summary
The 'Growth rate previous period, Annual' measures the year-over-year change in the Consumer Price Index (CPI), a key indicator of inflation. This data point is closely watched by economists, policymakers, and market analysts to assess price stability and guide monetary policy decisions.
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 annual growth rate of the CPI represents the change in consumer prices over the past 12 months. It is a widely-used barometer of inflation, providing insight into the purchasing power of consumers and the overall health of the economy.
Methodology
The CPI is calculated monthly by the U.S. Bureau of Labor Statistics based on a survey of consumer expenditures.
Historical Context
The Federal Reserve and other policymakers monitor this inflation metric to help achieve their mandates of price stability and maximum employment.
Key Facts
- The CPI is a basket of consumer goods and services used to measure changes in the cost of living.
- The Federal Reserve aims for 2% annual inflation to promote stable prices and maximum employment.
- High inflation can erode consumer purchasing power and standards of living.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Annual' measures the year-over-year change in the Consumer Price Index (CPI), a key indicator of inflation.
Q: Why is this trend relevant for users or analysts?
A: This inflation metric is closely watched by economists, policymakers, and market analysts to assess price stability and guide monetary policy decisions.
Q: How is this data collected or calculated?
A: The CPI is calculated monthly by the U.S. Bureau of Labor Statistics based on a survey of consumer expenditures.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers monitor this inflation metric to help achieve their mandates of price stability and maximum employment.
Q: Are there update delays or limitations?
A: The CPI data is released monthly with a short publication lag, providing timely insights on consumer price changes.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual (CPALTT01PTA657N), retrieved from FRED.