Index 2010=1, Quarterly
CPGRLE01G7Q661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.11
Year-over-Year Change
4.61%
Date Range
1/1/1970 - 7/1/2017
Summary
The Index 2010=1, Quarterly measures the average price change over time of consumer goods and services purchased by urban households, with 2010 as the base year. This key inflation metric helps economists and policymakers track the overall cost of living and 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, Quarterly is a price index that tracks the average change in prices paid by consumers for a representative basket of goods and services. It serves as a widely used indicator of inflation, which is a crucial consideration for economic and monetary policy decisions.
Methodology
The data is collected through surveys of households and businesses by the U.S. Bureau of Labor Statistics.
Historical Context
The Federal Reserve and other policymakers closely monitor this index to inform interest rate and other economic policy decisions.
Key Facts
- The base year for the index is 2010.
- The index is published on a quarterly basis.
- It covers a representative basket of consumer goods and services.
FAQs
Q: What does this economic trend measure?
A: The Index 2010=1, Quarterly measures the average change in prices paid by consumers for a representative basket of goods and services, with 2010 as the base year.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflation, which is crucial for economic and monetary policy decisions, as well as for understanding changes in consumer purchasing power.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers closely monitor this index to inform interest rate and other economic policy decisions.
Q: Are there update delays or limitations?
A: The index is published on a quarterly basis, with some delay from the end of the reference period.
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Citation
U.S. Federal Reserve, Index 2010=1, Quarterly (CPGRLE01G7Q661N), retrieved from FRED.