Consumer Price Index: Harmonized Prices: All Items: Total for United States
USACPHPTT01IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.49
Year-over-Year Change
2.08%
Date Range
12/1/2001 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: All Items: Total for United States measures the overall change in consumer prices for a broad basket of goods and services in the United States. It is a key indicator of inflation and the purchasing power of the US dollar.
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 Consumer Price Index (CPI) is a widely used metric that tracks the changes in the general price level of consumer goods and services. The harmonized index adjusts for differences in national compilation methods, providing a consistent measure for international comparisons. This all-items index covers a comprehensive basket of consumer expenditures.
Methodology
The US Bureau of Labor Statistics collects price data from a sample of retail and service establishments and calculates the CPI.
Historical Context
Policymakers and analysts closely monitor the CPI to assess the overall rate of inflation and inform economic and monetary policy decisions.
Key Facts
- The CPI is calculated monthly by the US Bureau of Labor Statistics.
- The index uses a fixed basket of goods and services to measure price changes over time.
- The CPI is a widely-watched indicator of the general cost of living in the United States.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Harmonized Prices: All Items: Total for United States measures the overall change in consumer prices for a broad basket of goods and services in the United States.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a key indicator of inflation and the purchasing power of the US dollar, making it highly relevant for policymakers, businesses, and consumers in understanding the general cost of living.
Q: How is this data collected or calculated?
A: The US Bureau of Labor Statistics collects price data from a sample of retail and service establishments and calculates the CPI.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor the CPI to assess the overall rate of inflation and inform economic and monetary policy decisions, such as interest rate adjustments.
Q: Are there update delays or limitations?
A: The CPI is published monthly by the US Bureau of Labor Statistics, with a short lag between the reference period and publication.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: All Items: Total for United States (USACPHPTT01IXEBM), retrieved from FRED.