Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Luxembourg
Growth rate same period previous year, Quarterly
CPGREN01LUQ659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.06
Year-over-Year Change
-83.83%
Date Range
1/1/1968 - 1/1/2025
Summary
The 'Growth rate same period previous year, Quarterly' series measures the year-over-year percent change in the Consumer Price Index (CPI), a key indicator of inflation in the United States. This data is closely watched by policymakers and analysts for insights into the overall health of the 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 CPI growth rate year-over-year provides a snapshot of changes in consumer prices compared to the same quarter in the prior year. This metric is used to assess the pace of inflation and evaluate the effectiveness of monetary policy in maintaining price stability.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of consumer expenditures.
Historical Context
The CPI growth rate is a critical input for the Federal Reserve's monetary policy decisions.
Key Facts
- The CPI growth rate reached a 40-year high of 9.1% in June 2022.
- The Federal Reserve aims to maintain inflation around 2% annually.
- Persistently high inflation can erode consumer purchasing power.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Quarterly' series measures the year-over-year percent change in the Consumer Price Index (CPI), a key indicator of inflation in the United States.
Q: Why is this trend relevant for users or analysts?
A: The CPI growth rate is closely watched by policymakers and analysts as it provides insights into the overall health of the economy and the effectiveness of monetary policy in maintaining price stability.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on surveys of consumer expenditures.
Q: How is this trend used in economic policy?
A: The CPI growth rate is a critical input for the Federal Reserve's monetary policy decisions, as the central bank aims to maintain inflation around 2% annually.
Q: Are there update delays or limitations?
A: The CPI data is published monthly by the Bureau of Labor Statistics, with a typical delay of around two weeks.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (CPGREN01LUQ659N), retrieved from FRED.