Consumption Deflator
CONSDEF • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.46
Year-over-Year Change
16.14%
Date Range
1/1/1947 - 10/1/2023
Summary
The Consumption Deflator, also known as the Personal Consumption Expenditures (PCE) Price Index, is a key measure of inflation in the U.S. economy. It tracks changes in the prices of goods and services consumed by households.
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 Consumption Deflator is an important economic indicator that provides insights into consumer spending and inflationary pressures. It is closely watched by policymakers, economists, and investors to gauge the overall health of the economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on a comprehensive survey of consumer expenditures.
Historical Context
The Consumption Deflator is a critical input for the Federal Reserve's monetary policy decisions.
Key Facts
- The Consumption Deflator is published monthly by the U.S. Bureau of Economic Analysis.
- It is a broader measure of inflation than the Consumer Price Index (CPI).
- The Consumption Deflator is one of the Federal Reserve's preferred inflation gauges.
FAQs
Q: What does this economic trend measure?
A: The Consumption Deflator, or PCE Price Index, measures the change in prices of goods and services consumed by households in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Consumption Deflator is a key indicator of inflationary pressures and consumer spending, making it highly relevant for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on a comprehensive survey of consumer expenditures.
Q: How is this trend used in economic policy?
A: The Consumption Deflator is a critical input for the Federal Reserve's monetary policy decisions, as it helps the central bank assess the state of the economy and inflationary pressures.
Q: Are there update delays or limitations?
A: The Consumption Deflator is published monthly by the U.S. Bureau of Economic Analysis, with a typical release lag of a few weeks.
Related Trends
Citation
U.S. Federal Reserve, Consumption Deflator (CONSDEF), retrieved from FRED.