Growth Rate Previous Period, Annual
CPGRLE01O1A657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.80
Year-over-Year Change
0.00%
Date Range
1/1/1971 - 1/1/2016
Summary
The 'Growth Rate Previous Period, Annual' tracks the year-over-year percent change in the Consumer Price Index (CPI), a key measure of inflation. This metric is closely watched by economists and policymakers as an indicator of price stability 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 Growth Rate Previous Period, Annual reflects the annual percentage change in the CPI, which measures the average change in prices paid by consumers for a basket of goods and services. This trend provides insight into the broader inflationary environment and is a crucial data point for assessing the health of the economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on its monthly CPI survey.
Historical Context
The Federal Reserve closely monitors this inflation metric when setting monetary policy to achieve its dual mandate of price stability and maximum employment.
Key Facts
- The CPI is a widely used measure of consumer inflation.
- The annual growth rate reflects year-over-year price changes.
- The Federal Reserve targets 2% annual inflation.
FAQs
Q: What does this economic trend measure?
A: The Growth Rate Previous Period, Annual measures the year-over-year percent change in the Consumer Price Index (CPI), a key gauge of inflation.
Q: Why is this trend relevant for users or analysts?
A: This inflation metric is closely monitored by economists, policymakers, and market participants as an indicator of price stability and consumer purchasing power.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on its monthly CPI survey.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely tracks this inflation indicator when setting monetary policy to achieve its dual mandate of price stability and maximum employment.
Q: Are there update delays or limitations?
A: The data is released monthly with a short lag, providing timely information on inflationary pressures.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Annual (CPGRLE01O1A657N), retrieved from FRED.