Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Austria
Growth rate same period previous year, Quarterly
AUTCPGRSE01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.46
Year-over-Year Change
38.37%
Date Range
1/1/1998 - 1/1/2025
Summary
This economic trend measures the year-over-year growth rate in real personal consumption expenditures, a key indicator of consumer demand and economic activity.
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 growth rate same period previous year, quarterly series tracks the annualized percent change in real personal consumption expenditures compared to the same quarter a year earlier. This provides insight into consumer spending patterns and broader macroeconomic conditions.
Methodology
The data is calculated from the Bureau of Economic Analysis's quarterly personal consumption expenditures release.
Historical Context
This metric is widely followed by economists, policymakers, and market analysts to assess the health and trajectory of the U.S. economy.
Key Facts
- Real PCE grew 3.2% year-over-year in Q4 2022.
- Consumer spending accounts for over two-thirds of U.S. GDP.
- This metric is a component of the Conference Board's Leading Economic Index.
FAQs
Q: What does this economic trend measure?
A: This metric measures the year-over-year percent change in real personal consumption expenditures, which captures inflation-adjusted consumer spending.
Q: Why is this trend relevant for users or analysts?
A: Consumer spending is a critical driver of economic growth, so this metric provides important insights into the strength and direction of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the Bureau of Economic Analysis based on their quarterly personal consumption expenditures release.
Q: How is this trend used in economic policy?
A: Policymakers at the Federal Reserve and other institutions closely monitor this indicator to inform monetary policy decisions and assess the overall health of the economy.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a lag of approximately one month after the end of each quarter.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (AUTCPGRSE01GYQ), retrieved from FRED.