Per Capita Personal Income in Illinois
Quarterly, Seasonally Adjusted Annual Rate
ILOPCI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76,083.00
Year-over-Year Change
13.93%
Date Range
1/1/2010 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (ILOPCI) measures the annualized change in import prices for consumer goods, a key indicator of international trade and inflation pressures.
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 ILOPCI tracks the year-over-year price changes for a basket of imported consumer goods, providing insight into import cost dynamics and the impact on domestic inflation. It is a closely watched metric for policymakers and analysts assessing the effects of global trade on the U.S. economy.
Methodology
The data is collected through surveys of import transactions and calculated as a seasonally adjusted annualized rate.
Historical Context
The ILOPCI is used to gauge inflationary trends and inform monetary policy decisions.
Key Facts
- The ILOPCI is released quarterly by the U.S. Federal Reserve.
- Import prices for consumer goods can significantly impact domestic inflation.
- The ILOPCI is a leading indicator of international trade dynamics.
FAQs
Q: What does this economic trend measure?
A: The ILOPCI measures the annualized change in import prices for a basket of consumer goods, providing insight into international trade dynamics and their impact on domestic inflation.
Q: Why is this trend relevant for users or analysts?
A: The ILOPCI is a key indicator for policymakers and economists assessing the effects of global trade on the U.S. economy and informing monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of import transactions and calculated as a seasonally adjusted annualized rate.
Q: How is this trend used in economic policy?
A: The ILOPCI is used by the Federal Reserve and other institutions to gauge inflationary trends and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The ILOPCI is released quarterly, with a lag of several weeks, and may be subject to revisions as additional data becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (ILOPCI), retrieved from FRED.