Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Russia
Quarterly
RUSCP050000IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
133.25
Year-over-Year Change
16.67%
Date Range
1/1/2004 - 10/1/2021
Summary
The Quarterly Consumer Price Index (CPI) tracks changes in the prices of consumer goods and services over time, providing a measure of inflation in the U.S. economy. This key economic indicator is closely watched by policymakers, analysts, and the public.
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 Quarterly CPI is a comprehensive measure of the average change in prices paid by consumers for a basket of goods and services. It serves as an important economic indicator, reflecting broader trends in consumer spending, cost of living, and the purchasing power of the U.S. dollar.
Methodology
The data is collected through surveys of prices paid by consumers for a representative sample of goods and services.
Historical Context
The Quarterly CPI is a crucial input for the Federal Reserve's monetary policy decisions and a key metric for assessing the overall health of the U.S. economy.
Key Facts
- The Quarterly CPI was first published in 1913.
- The CPI basket includes over 200 categories of consumer goods and services.
- The Federal Reserve targets an annual inflation rate of 2% based on the CPI.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Consumer Price Index (CPI) measures the average change in prices paid by consumers for a basket of goods and services, providing a comprehensive measure of inflation in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: The Quarterly CPI is a crucial indicator for policymakers, economists, and the public, as it reflects broader trends in consumer spending, cost of living, and the purchasing power of the U.S. dollar.
Q: How is this data collected or calculated?
A: The data for the Quarterly CPI is collected through surveys of prices paid by consumers for a representative sample of goods and services.
Q: How is this trend used in economic policy?
A: The Quarterly CPI is a key input for the Federal Reserve's monetary policy decisions, as the central bank targets an annual inflation rate of 2% based on the CPI.
Q: Are there update delays or limitations?
A: The Quarterly CPI data is released with a delay of approximately one month after the end of each quarter, and the methodology and basket of goods and services are periodically updated to reflect changes in consumer spending patterns.
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Citation
U.S. Federal Reserve, Quarterly Consumer Price Index (RUSCP050000IXOBQ), retrieved from FRED.