US Inflation Dataset (1947 - 2023)

This dataset contains historical inflation rates for the United States, from January 1947 to 2023. The inflation rate is a significant economic indicator, offering insights into the health of the economy and the purchasing power of a currency. The CPI is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.

Content:
The dataset has two columns:

Date: The end of the respective month (in MM-DD-YYYY format).
Value: The Consumer Price Index (CPI) at the end of the respective month.
Acknowledgements:
Data is provided by the Federal Reserve Economic Data (FRED), Federal Reserve Bank of St. Louis.

Inspiration:
The U.S. CPI is a critical economic indicator, often used to adjust other economic figures for inflation or to measure the purchasing power of money over time. Analysis of this data can offer insights into the economic health of the country and its monetary policy. This dataset is of interest to economists, financial analysts, data scientists, students, and anyone interested in the U.S. economy or macroeconomic phenomena.

Usability:
The CPI data can be used for a variety of purposes:

Economic Analysis: It can be used for macroeconomic analysis and forecasting. CPI is one of the most important indicators of a country's economic health.
Investment Analysis: The CPI impacts the real return of investments. This data can help investors adjust their expectations and strategies accordingly.
Policy Understanding: It can help understand the impact and effectiveness of monetary policy implemented by the Federal Reserve.
Education: It can be used in classrooms for teaching economics, finance, and related disciplines.