Labor Compensation: Earnings: Manufacturing: Monthly for Czech Republic
Index 2015=100, Quarterly, Seasonally Adjusted
LCEAMN03CZQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
155.60
Year-over-Year Change
28.15%
Date Range
1/1/1993 - 4/1/2023
Summary
The Index 2015=100, Quarterly, Seasonally Adjusted trend measures the overall level of consumer prices in the United States. This key economic indicator provides insights into 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
This consumer price index (CPI) trend tracks changes in the prices paid by urban consumers for a representative basket of goods and services. It is a widely used metric for assessing the overall cost of living and guiding monetary policy decisions.
Methodology
The U.S. Bureau of Labor Statistics collects price data from a sample of retail and service establishments and calculates the CPI on a quarterly basis.
Historical Context
The CPI is a crucial data point analyzed by the Federal Reserve, economists, and policymakers to monitor inflation and guide economic policies.
Key Facts
- The CPI is calculated based on a basket of over 80,000 consumer goods and services.
- The index has a base year of 2015, where the value is set to 100.
- The CPI is released by the U.S. Bureau of Labor Statistics on a monthly basis.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Quarterly, Seasonally Adjusted trend measures the overall level of consumer prices in the United States, providing insights into inflation and consumer purchasing power.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a crucial indicator analyzed by the Federal Reserve, economists, and policymakers to monitor inflation and guide economic policies, making it highly relevant for understanding the state of the U.S. economy.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics collects price data from a sample of retail and service establishments and calculates the CPI on a quarterly basis.
Q: How is this trend used in economic policy?
A: The CPI is a key data point used by the Federal Reserve and policymakers to assess inflationary pressures and inform monetary policy decisions, such as adjusting interest rates.
Q: Are there update delays or limitations?
A: The CPI is released by the U.S. Bureau of Labor Statistics on a monthly basis, with a typical delay of about two weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Index 2015=100, Quarterly, Seasonally Adjusted (LCEAMN03CZQ661S), retrieved from FRED.