Consumer Price Index: Clothing and Footwear (COICOP 03): Total for United States
USACP030000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.85
Year-over-Year Change
10.95%
Date Range
1/1/2010 - 10/1/2023
Summary
The Consumer Price Index (CPI) for Clothing and Footwear measures the change in prices for a basket of consumer goods related to apparel and footwear. This key indicator provides insights into inflation trends and consumer spending patterns.
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 CPI Clothing and Footwear index tracks the prices of a wide range of apparel, accessories, and footwear purchased by U.S. consumers. It is a component of the overall CPI, which is the primary measure of inflation used by policymakers and economists.
Methodology
The index is calculated by the U.S. Bureau of Labor Statistics based on a representative sample of retail prices collected from households and businesses.
Historical Context
The Clothing and Footwear CPI is closely monitored by the Federal Reserve and other economic analysts to gauge consumer demand and inflationary pressures.
Key Facts
- The CPI for Clothing and Footwear has a base year of 1982-84 = 100.
- Apparel and footwear account for about 3.5% of the total CPI basket.
- Clothing prices tend to be more volatile than overall consumer prices.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Clothing and Footwear measures the change in prices for a basket of consumer goods related to apparel and footwear.
Q: Why is this trend relevant for users or analysts?
A: The Clothing and Footwear CPI provides important insights into inflation trends and consumer spending patterns, which are closely monitored by policymakers and economists.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Labor Statistics based on a representative sample of retail prices collected from households and businesses.
Q: How is this trend used in economic policy?
A: The Clothing and Footwear CPI is closely monitored by the Federal Reserve and other economic analysts to gauge consumer demand and inflationary pressures.
Q: Are there update delays or limitations?
A: The CPI data is released monthly by the Bureau of Labor Statistics, with a typical delay of about two weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Clothing and Footwear (COICOP 03): Total for United States (USACP030000IXNBQ), retrieved from FRED.