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NOTES

Source: U.S. Census Bureau  

Release: Monthly Retail Trade and Food Services  

Units:  Millions of Dollars, Seasonally Adjusted

Frequency:  Monthly

Notes:

Information about the Monthly Retail Trade Survey can be found on the Census website at https://www.census.gov/retail/mrts/about_the_surveys.html

Suggested Citation:

U.S. Census Bureau, Retail Sales: Retail Trade, Excluding Motor Vehicle and Parts Dealers [MRTSSM4400AUSS], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/MRTSSM4400AUSS, April 18, 2024.

Source: U.S. Bureau of Labor Statistics  

Release: Consumer Price Index  

Units:  Index 1982-1984=100, Seasonally Adjusted

Frequency:  Monthly

Notes:

The Consumer Price Index for All Urban Consumers: All Items (CPIAUCSL) is a price index of a basket of goods and services paid by urban consumers. Percent changes in the price index measure the inflation rate between any two time periods. The most common inflation metric is the percent change from one year ago. It can also represent the buying habits of urban consumers. This particular index includes roughly 88 percent of the total population, accounting for wage earners, clerical workers, technical workers, self-employed, short-term workers, unemployed, retirees, and those not in the labor force.

The CPIs are based on prices for food, clothing, shelter, and fuels; transportation fares; service fees (e.g., water and sewer service); and sales taxes. Prices are collected monthly from about 4,000 housing units and approximately 26,000 retail establishments across 87 urban areas. To calculate the index, price changes are averaged with weights representing their importance in the spending of the particular group. The index measures price changes (as a percent change) from a predetermined reference date. In addition to the original unadjusted index distributed, the Bureau of Labor Statistics also releases a seasonally adjusted index. The unadjusted series reflects all factors that may influence a change in prices. However, it can be very useful to look at the seasonally adjusted CPI, which removes the effects of seasonal changes, such as weather, school year, production cycles, and holidays.

The CPI can be used to recognize periods of inflation and deflation. Significant increases in the CPI within a short time frame might indicate a period of inflation, and significant decreases in CPI within a short time frame might indicate a period of deflation. However, because the CPI includes volatile food and oil prices, it might not be a reliable measure of inflationary and deflationary periods. For a more accurate detection, the core CPI (CPILFESL) is often used. When using the CPI, please note that it is not applicable to all consumers and should not be used to determine relative living costs. Additionally, the CPI is a statistical measure vulnerable to sampling error since it is based on a sample of prices and not the complete average.

For more information on the consumer price indexes, see:
Bureau of Economic Analysis. "CPI Detailed Report." 2013.
Handbook of Methods
Understanding the CPI: Frequently Asked Questions

Suggested Citation:

U.S. Bureau of Labor Statistics, Consumer Price Index for All Urban Consumers: All Items in U.S. City Average [CPIAUCSL], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/CPIAUCSL, April 18, 2024.

Source: Board of Governors of the Federal Reserve System (US)  

Release: G.17 Industrial Production and Capacity Utilization  

Units:  Index 2017=100, Seasonally Adjusted

Frequency:  Monthly

Notes:

The industrial production (IP) index measures the real output of all relevant establishments located in the United States, regardless of their ownership, but not those located in U.S. territories.

For more information, see the explanatory notes issued by the Board of Governors. For recent updates, see the announcements issued by the Board of Governors

Source Code: IP.GMF.S

Suggested Citation:

Board of Governors of the Federal Reserve System (US), Industrial Production: Manufacturing (NAICS) [IPMAN], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/IPMAN, April 18, 2024.

Source: U.S. Census Bureau  

Release: Advance Monthly Sales for Retail and Food Services  

Units:  Millions of Dollars, Seasonally Adjusted

Frequency:  Monthly

Notes:

E-commerce sales are included in the total monthly sales estimates.

The value for the most recent month is an advance estimate that is based on data from a subsample of firms from the larger Monthly Retail Trade Survey. The advance estimate will be superseded in following months by revised estimates derived from the larger Monthly Retail Trade Survey. The associated series from the Monthly Retail Trade Survey is available at https://fred.stlouisfed.org/series/MRTSSM44000USS

Information about the Advance Monthly Retail Sales Survey can be found on the Census website at https://www.census.gov/retail/marts/about_the_surveys.html

Suggested Citation:

U.S. Census Bureau, Advance Retail Sales: Retail Trade [RSXFS], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/RSXFS, April 18, 2024.

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