Growth Rate Same Period Previous Year, Monthly
CPGRLE01O1M659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.90
Year-over-Year Change
11.76%
Date Range
1/1/1971 - 10/1/2017
Summary
The 'Growth Rate Same Period Previous Year, Monthly' series measures the year-over-year percent change in the consumer price index (CPI), a key indicator of inflation. This trend is closely watched by economists and policymakers to assess price stability and inform monetary policy decisions.
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 monthly CPI growth rate series provides a measure of the annual change in consumer prices, adjusting for seasonal variations. It is a widely-used metric for tracking the pace of inflation and cost-of-living changes in the United States.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics based on a comprehensive survey of consumer expenditures.
Historical Context
Central banks and government agencies utilize this inflation indicator to monitor economic conditions and guide policy responses.
Key Facts
- The CPI growth rate is a widely followed economic indicator.
- Rapid inflation can erode consumer purchasing power.
- Central banks use CPI data to set interest rate policies.
FAQs
Q: What does this economic trend measure?
A: The 'Growth Rate Same Period Previous Year, Monthly' 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: This inflation indicator is closely watched by economists, policymakers, and consumers to assess price stability and the cost of living. It informs monetary policy decisions and provides insight into the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics based on a comprehensive survey of consumer expenditures.
Q: How is this trend used in economic policy?
A: Central banks and government agencies utilize this inflation indicator to monitor economic conditions and guide policy responses, such as setting interest rates to maintain price stability.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of about two weeks after the end of the reference period.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Monthly (CPGRLE01O1M659N), retrieved from FRED.