Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Luxembourg
Growth rate same period previous year, Annual
CPGREN01LUA659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.81
Year-over-Year Change
-152.67%
Date Range
1/1/1968 - 1/1/2024
Summary
The Growth rate same period previous year, Annual metric measures the year-over-year change in the Consumer Price Index (CPI) for the U.S. economy. This key indicator provides insights into the rate of inflation and cost-of-living changes.
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, Annual statistic calculates the percentage change in the CPI between the current year and the same period in the previous year. This data series is widely used by economists, policymakers, and analysts to assess the overall rate of inflation in the U.S. economy.
Methodology
The U.S. Bureau of Labor Statistics collects and compiles the underlying CPI data to derive this annual growth rate metric.
Historical Context
The Federal Reserve closely monitors this inflation gauge when setting monetary policy and making decisions to stabilize prices.
Key Facts
- The annual CPI growth rate was 6.5% as of December 2022.
- Inflation hit a 40-year high in 2022 due to supply chain issues and strong consumer demand.
- The Federal Reserve raised interest rates multiple times in 2022 to combat high inflation.
FAQs
Q: What does this economic trend measure?
A: The Growth rate same period previous year, Annual metric measures the year-over-year change in the U.S. Consumer Price Index (CPI), a key gauge of inflation.
Q: Why is this trend relevant for users or analysts?
A: This inflation indicator is widely used by economists, policymakers, and market participants to assess cost-of-living changes and inform monetary policy decisions.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics compiles the underlying CPI data and derives this annual growth rate metric.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely monitors this inflation gauge when setting monetary policy and making decisions to stabilize prices in the U.S. economy.
Q: Are there update delays or limitations?
A: This annual CPI growth rate data is published monthly with a typical 1-2 month lag from the reference period.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (CPGREN01LUA659N), retrieved from FRED.