Growth Rate Same Period Previous Year, Quarterly
CPALTT01O1Q659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.20
Year-over-Year Change
22.22%
Date Range
1/1/1971 - 7/1/2017
Summary
The 'Growth Rate Same Period Previous Year, Quarterly' measures the year-over-year change in the Personal Consumption Expenditures (PCE) price index, a key indicator of consumer inflation.
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
This series represents the quarterly percent change in the PCE price index compared to the same quarter of the previous year. It provides insights into the pace of consumer price changes and is a closely watched metric for the Federal Reserve and economic analysts.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on their quarterly PCE price index survey.
Historical Context
This inflation trend is a critical input for Federal Reserve monetary policy decisions.
Key Facts
- The PCE price index is the Federal Reserve's preferred measure of consumer inflation.
- Quarterly PCE inflation has averaged around 2% over the past decade.
- This metric helps the Fed assess if inflation is on track to meet its 2% target.
FAQs
Q: What does this economic trend measure?
A: The 'Growth Rate Same Period Previous Year, Quarterly' tracks the year-over-year change in the Personal Consumption Expenditures (PCE) price index, a key measure of consumer inflation.
Q: Why is this trend relevant for users or analysts?
A: This inflation metric is closely watched by the Federal Reserve, policymakers, and economic analysts as it provides insights into the pace of consumer price changes and helps guide monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated quarterly by the U.S. Bureau of Economic Analysis based on their survey of consumer expenditures.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely monitors this PCE inflation measure as a key input for its monetary policy decisions, as it aims to achieve its 2% inflation target.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical 1-2 month lag from the end of the reference quarter.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Quarterly (CPALTT01O1Q659N), retrieved from FRED.