Index of Orders of Railroad Equipment for United States
Index 1947-1949=100
Q0690CUSQ349NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
336.90
Year-over-Year Change
556.73%
Date Range
1/1/1941 - 10/1/1955
Summary
The Index 1947-1949=100 measures the general price level in the United States, providing 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 index is a widely used measure of inflation, tracking changes in the prices paid by urban consumers for a representative basket of goods and services. It serves as a key economic indicator to guide policymakers and inform investment decisions.
Methodology
The data is collected through surveys of prices paid by consumers and calculated using a formula that tracks price changes over time.
Historical Context
Policymakers and analysts closely monitor this index to assess the overall state of the economy and determine appropriate monetary and fiscal policies.
Key Facts
- The base year for this index is 1947-1949.
- It is published monthly by the U.S. Bureau of Labor Statistics.
- The index is used to adjust Social Security and other government payments for inflation.
FAQs
Q: What does this economic trend measure?
A: The Index 1947-1949=100 measures the changes in the prices paid by urban consumers for a representative basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflation and provides insights into the purchasing power of consumers, which is crucial for policymakers, businesses, and households.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices paid by consumers, and the index is calculated using a formula that tracks price changes over time.
Q: How is this trend used in economic policy?
A: Policymakers, such as the Federal Reserve, use this index to assess the overall state of the economy and determine appropriate monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The index is published monthly by the U.S. Bureau of Labor Statistics, with a typical delay of a few weeks between the reference period and the release of the data.
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Citation
U.S. Federal Reserve, Index 1947-1949=100 (Q0690CUSQ349NNBR), retrieved from FRED.