Growth Rate Same Period Previous Year, Annual
CPGRLE01O1A659N • 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 Same Period Previous Year, Annual' measures the year-over-year change in consumer prices. It is a key indicator of inflation that helps policymakers and economists assess changes in the overall cost of living.
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
This economic trend tracks the annual percentage change in the Consumer Price Index (CPI), a widely used measure of inflation. It compares the current year's CPI to the same period in the previous year, providing insight into broader price movements across the economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on monthly surveys of consumer expenditures.
Historical Context
This inflation indicator is closely monitored by the Federal Reserve and other policymakers to inform monetary policy decisions.
Key Facts
- The current annual inflation rate is 8.5% as of March 2022.
- The Federal Reserve aims to maintain a 2% inflation target.
- High inflation can erode consumer purchasing power and standards of living.
FAQs
Q: What does this economic trend measure?
A: The 'Growth Rate Same Period Previous Year, Annual' measures the year-over-year change in consumer prices, providing insight into broader inflationary pressures across the economy.
Q: Why is this trend relevant for users or analysts?
A: This inflation indicator is closely monitored by policymakers, economists, and investors to assess changes in the overall cost of living and inform economic decision-making.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on monthly surveys of consumer expenditures.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers closely track this inflation measure to inform monetary policy decisions and maintain price stability.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of around two weeks, providing timely insight into inflationary trends.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Annual (CPGRLE01O1A659N), retrieved from FRED.