Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for United States
USACPALTT01CTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.95
Year-over-Year Change
-9.55%
Date Range
1/1/2010 - 12/1/2024
Summary
The Consumer Price Index (CPI) measures changes in the prices paid by consumers for a basket of goods and services. It is a widely followed economic indicator that provides insights into inflation and the cost of living.
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 tracks the change in prices across a representative sample of consumer items, from food and housing to transportation and medical care. It is used to adjust social security payments, government contracts, and other payments to account for inflation.
Methodology
The CPI is calculated by the U.S. Bureau of Labor Statistics based on prices collected from retail stores, service establishments, and rental units.
Historical Context
The CPI is a key indicator monitored by the Federal Reserve and policymakers to inform decisions on monetary policy and managing inflation.
Key Facts
- The CPI is published monthly by the U.S. Bureau of Labor Statistics.
- The CPI covers about 80% of the total U.S. population.
- The CPI is used to adjust Social Security payments and other government benefits.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) measures the change in prices paid by consumers for a basket of goods and services. It is a key indicator of inflation and the cost of living.
Q: Why is this trend relevant for users or analysts?
A: The CPI is closely monitored by the Federal Reserve, policymakers, and economists as it informs decisions on monetary policy, Social Security adjustments, and other economic matters.
Q: How is this data collected or calculated?
A: The CPI is calculated by the U.S. Bureau of Labor Statistics based on prices collected from retail stores, service establishments, and rental units.
Q: How is this trend used in economic policy?
A: The CPI is a key indicator used by the Federal Reserve and policymakers to inform decisions on monetary policy and managing inflation.
Q: Are there update delays or limitations?
A: The CPI is published monthly by the U.S. Bureau of Labor Statistics with a short delay.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for United States (USACPALTT01CTGYM), retrieved from FRED.