Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Russia
Growth rate previous period
RUSCP020000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.67
Year-over-Year Change
42.55%
Date Range
1/1/2010 - 2/1/2022
Summary
The 'Growth rate previous period' series measures the month-over-month percent change in the U.S. Consumer Price Index (CPI), a key indicator of inflation.
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 economic trend provides insight into the pace of price changes in the overall economy, which is crucial information for policymakers, businesses, and consumers.
Methodology
The data is calculated from the monthly CPI figures reported by the U.S. Bureau of Labor Statistics.
Historical Context
The growth rate is closely watched by the Federal Reserve in setting monetary policy.
Key Facts
- The CPI covers a broad basket of consumer goods and services.
- A positive growth rate indicates rising prices, while a negative rate signals deflation.
- The Federal Reserve aims to maintain stable 2% annual inflation.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period' series measures the month-over-month percent change in the U.S. Consumer Price Index (CPI), a key indicator of inflation.
Q: Why is this trend relevant for users or analysts?
A: This trend provides crucial insight into the pace of price changes in the overall economy, which is vital information for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is calculated from the monthly CPI figures reported by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The growth rate is closely watched by the Federal Reserve in setting monetary policy to maintain stable inflation.
Q: Are there update delays or limitations?
A: The CPI data is reported monthly with a short delay, providing timely information on price trends.
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Citation
U.S. Federal Reserve, Growth rate previous period (RUSCP020000GPM), retrieved from FRED.