Labor Compensation: Earnings: Manufacturing and Mining: Hourly for Austria
Index 2015=100, Monthly
LCEAMM01ATM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122.93
Year-over-Year Change
7.03%
Date Range
1/1/1965 - 11/1/2022
Summary
The Index 2015=100, Monthly series measures the monthly changes in prices for various consumer goods and services in the United States. This key economic indicator provides insight into the overall rate of inflation and consumer purchasing power.
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 Index 2015=100, Monthly is a leading measure of consumer price inflation. It tracks the average change in prices paid by urban consumers for a basket of goods and services, with 2015 as the base year. This metric is closely watched by policymakers, economists, and businesses to assess changes in the cost of living and guide economic decision-making.
Methodology
The data is collected through surveys of consumer expenditures and prices by the U.S. Bureau of Labor Statistics.
Historical Context
The Index 2015=100, Monthly is a crucial input for the Federal Reserve's monetary policy decisions.
Key Facts
- The index has a base year of 2015 = 100.
- It covers approximately 93% of the total population.
- The index is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Monthly measures the average change in prices paid by urban consumers for a basket of consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflation and consumer purchasing power, providing important insights for policymakers, businesses, and individuals.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The Index 2015=100, Monthly is a crucial input for the Federal Reserve's monetary policy decisions, as it helps assess changes in the cost of living and guide economic decision-making.
Q: Are there update delays or limitations?
A: The index is released monthly by the U.S. Bureau of Labor Statistics with minimal delays.
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Citation
U.S. Federal Reserve, Index 2015=100, Monthly (LCEAMM01ATM661N), retrieved from FRED.