Producer Prices Index: Economic Activities: Manufacturing: Domestic for Costa Rica
Growth rate previous period, Monthly
CRIPIEAMP02GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.57
Year-over-Year Change
-158.24%
Date Range
2/1/1991 - 12/1/2022
Summary
The growth rate previous period, monthly measures the month-over-month change in the Consumer Price Index, a key indicator of inflation. This data is crucial for economists and policymakers monitoring price trends.
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, monthly tracks the monthly change in the Consumer Price Index (CPI), a widely-used measure of inflation. This metric is closely watched by the Federal Reserve and other analysts to assess price pressures and inform monetary policy decisions.
Methodology
The U.S. Bureau of Labor Statistics collects price data from a sample of consumer expenditures to calculate the CPI.
Historical Context
The Federal Reserve uses CPI growth data as a key input for setting interest rates and managing inflation.
Key Facts
- The CPI is based on a market basket of consumer goods and services.
- Rapid CPI growth can signal the need for tighter monetary policy.
- Negative CPI growth indicates deflation, the opposite of inflation.
FAQs
Q: What does this economic trend measure?
A: The growth rate previous period, monthly measures the month-over-month change in the Consumer Price Index, a widely-used gauge of inflation.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for economists and policymakers monitoring price trends and informing monetary policy decisions.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects price data from a sample of consumer expenditures to calculate the CPI.
Q: How is this trend used in economic policy?
A: The Federal Reserve uses CPI growth data as a key input for setting interest rates and managing inflation.
Q: Are there update delays or limitations?
A: The CPI data is published monthly with a short lag, providing timely information on inflationary pressures.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (CRIPIEAMP02GPM), retrieved from FRED.