Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Russia
Growth rate same period previous year, Quarterly
CPALTT01RUQ659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.55
Year-over-Year Change
123.49%
Date Range
1/1/1993 - 1/1/2022
Summary
This economic trend measures the year-over-year growth rate of the Consumer Price Index (CPI) for all items, reported quarterly. It provides insights into the pace of inflation in the United States.
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 metric tracks changes in the CPI, a key indicator of consumer price inflation. Economists and policymakers use this data to assess the overall state of the economy and guide monetary and fiscal policy decisions.
Methodology
The CPI data is collected and calculated monthly by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers at the Federal Reserve closely monitor this inflation metric to inform interest rate and other policy actions.
Key Facts
- The CPI measures the average change in prices paid by consumers for a basket of goods and services.
- Quarterly inflation data is published about two weeks after the end of each quarter.
- The Federal Reserve aims for a 2% annual inflation rate as part of its dual mandate.
FAQs
Q: What does this economic trend measure?
A: This metric measures the year-over-year growth rate of the Consumer Price Index (CPI), a key indicator of consumer price inflation in the United States.
Q: Why is this trend relevant for users or analysts?
A: Inflation data is critical for economic policymakers, investors, and households to understand the overall cost of living and guide decisions.
Q: How is this data collected or calculated?
A: The CPI data is collected monthly by the U.S. Bureau of Labor Statistics and published as a year-over-year growth rate.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely monitors this inflation metric to inform interest rate and other monetary policy decisions aimed at maintaining price stability.
Q: Are there update delays or limitations?
A: The quarterly CPI growth data is published about two weeks after the end of each quarter, with a potential for minor revisions in subsequent releases.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (CPALTT01RUQ659N), retrieved from FRED.