Index 2010=1, Monthly
CPGDFD02O1M661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.15
Year-over-Year Change
1.86%
Date Range
1/1/1970 - 9/1/2017
Summary
The Index 2010=1, Monthly trend measures the price changes for a basket of goods and services consumed by households. It is 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
The Index 2010=1, Monthly is a price index that tracks the average change in prices paid by consumers for a representative basket of goods and services. It is a widely followed economic indicator used to assess cost-of-living changes and guide monetary policy decisions.
Methodology
The data is collected through surveys of consumer expenditures and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
The Index 2010=1, Monthly is closely monitored by the Federal Reserve and other policymakers to evaluate the effectiveness of monetary policies and make informed decisions.
Key Facts
- The base year for the index is 2010.
- The index is published monthly by the U.S. Bureau of Labor Statistics.
- The index measures changes in the prices paid by urban consumers for a basket of consumer goods and services.
FAQs
Q: What does this economic trend measure?
A: The Index 2010=1, Monthly measures the average change in prices paid by consumers for a representative basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflation and consumer purchasing power, which are crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Index 2010=1, Monthly is closely monitored by the Federal Reserve and other policymakers to evaluate the effectiveness of monetary policies and make informed decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Index 2010=1, Monthly (CPGDFD02O1M661N), retrieved from FRED.