Real Private Sector Final Consumption Expenditure for Saudi Arabia
Annual
NCPRXDCSAA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,044,041.00
Year-over-Year Change
74.70%
Date Range
1/1/2010 - 1/1/2024
Summary
The Annual trend measures the percentage change in consumer prices over a 12-month period, providing a broad indicator of inflation in the U.S. economy.
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 Annual trend is a widely-watched inflation metric that tracks the year-over-year change in the Consumer Price Index (CPI), a key gauge of consumer purchasing power. It is used by policymakers, economists, and analysts to assess price stability and inform monetary policy decisions.
Methodology
The data is calculated from the U.S. Bureau of Labor Statistics' monthly CPI survey.
Historical Context
The Annual trend is a critical input for the Federal Reserve's inflation targeting and interest rate policies.
Key Facts
- The Annual trend reached a 40-year high of 9.1% in June 2022.
- It is one of the Fed's primary benchmarks for measuring price stability.
- Annual inflation has exceeded the Fed's 2% target since early 2021.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percentage change in the Consumer Price Index (CPI), a comprehensive measure of inflation in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Annual inflation rate is a key indicator of price stability and a critical input for Federal Reserve monetary policy decisions that impact interest rates, economic growth, and consumer purchasing power.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics from its monthly CPI survey of consumer prices.
Q: How is this trend used in economic policy?
A: The Federal Reserve uses the Annual inflation rate as a primary benchmark for its 2% inflation target when setting monetary policy to influence employment, economic growth, and price stability.
Q: Are there update delays or limitations?
A: The Annual inflation data is released monthly with a short lag, providing timely insight into price pressures in the U.S. economy.
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Citation
U.S. Federal Reserve, Annual (NCPRXDCSAA), retrieved from FRED.