Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for United States
CPHPTT01USA659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
-4.76%
Date Range
1/1/2002 - 1/1/2024
Summary
The Consumer Price Index (CPI) for the United States measures changes in the prices paid by consumers for a basket of goods and services. It is a key indicator of inflation and an important metric for economic 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
The CPI tracks the cost of a representative basket of consumer goods and services, including food, housing, transportation, and healthcare. It is widely used to adjust government payments, wages, and other economic indicators for the effects of inflation.
Methodology
The CPI is calculated monthly by the U.S. Bureau of Labor Statistics based on surveys of consumer expenditures.
Historical Context
The CPI is a crucial economic indicator used by the Federal Reserve and other policymakers to monitor and manage inflation.
Key Facts
- The CPI is calculated monthly by the U.S. Bureau of Labor Statistics.
- The CPI is a key measure of inflation used by the Federal Reserve.
- The CPI tracks the cost of a basket of consumer goods and services.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) measures changes in the prices paid by consumers for a basket of goods and services in the United States.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a crucial indicator of inflation and is used by policymakers, businesses, and consumers to understand changes in the cost of living and adjust economic decisions accordingly.
Q: How is this data collected or calculated?
A: The CPI is calculated monthly 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 is a key metric used by the Federal Reserve and other policymakers to monitor and manage inflation, informing decisions on interest rates and other economic policies.
Q: Are there update delays or limitations?
A: The CPI data is published monthly with a short delay, providing timely information on changes in consumer prices.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for United States (CPHPTT01USA659N), retrieved from FRED.