Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Luxembourg
Growth rate same period previous year, Monthly
LUXCP030000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.15
Year-over-Year Change
-34.64%
Date Range
1/1/1996 - 4/1/2025
Summary
The 'Growth rate same period previous year, Monthly' is a key metric that tracks changes in consumer prices over time, providing insights into inflation and economic performance.
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 series measures the year-over-year percent change in the Consumer Price Index (CPI), a widely used indicator of consumer inflation. It is an important tool for economists and policymakers in understanding broader price trends and their impact on consumer purchasing power.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through monthly surveys of consumer expenditures.
Historical Context
Monitoring this inflation metric helps guide monetary policy decisions and provides context for assessing the overall health of the U.S. economy.
Key Facts
- The CPI is a basket of consumer goods and services used to measure changes in the purchasing power of the U.S. dollar.
- The year-over-year inflation rate was 8.5% as of March 2022, the highest level in over 40 years.
- The Federal Reserve uses the CPI as a key input when setting monetary policy to achieve its 2% inflation target.
FAQs
Q: What does this economic trend measure?
A: This series measures the year-over-year percent change in the Consumer Price Index (CPI), a widely used indicator of consumer inflation in the United States.
Q: Why is this trend relevant for users or analysts?
A: Monitoring consumer price inflation is crucial for economists, policymakers, and market participants to assess the overall health of the economy and guide decisions around monetary policy, investments, and consumer spending.
Q: How is this data collected or calculated?
A: The data is collected and calculated monthly by the U.S. Bureau of Labor Statistics through surveys of consumer expenditures.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely monitors the CPI inflation rate when setting monetary policy to achieve its 2% inflation target, which is seen as conducive to maximum employment and stable prices.
Q: Are there update delays or limitations?
A: The CPI data is released monthly by the Bureau of Labor Statistics, with a short lag. There may be revisions to previous months' data as more information becomes available.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (LUXCP030000GYM), retrieved from FRED.