Growth Rate Same Period Previous Year, Monthly
CPGDFD02G7M659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.10
Year-over-Year Change
-184.62%
Date Range
1/1/1971 - 9/1/2017
Summary
The 'Growth Rate Same Period Previous Year, Monthly' series measures the year-over-year percent change in the Personal Consumption Expenditures (PCE) price index, a key indicator of consumer inflation in the U.S. economy.
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 economic indicator tracks changes in consumer spending power and is a critical data point for policymakers and analysts to monitor price stability and guide monetary policy decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on surveys of consumer expenditures.
Historical Context
The PCE price index is a widely followed measure of inflation that the Federal Reserve considers when setting interest rates.
Key Facts
- The PCE price index has a broader coverage than the better-known Consumer Price Index (CPI).
- The Federal Reserve has a 2% inflation target based on the year-over-year change in the PCE price index.
- This data is released monthly, approximately one month after the reference period.
FAQs
Q: What does this economic trend measure?
A: The 'Growth Rate Same Period Previous Year, Monthly' series tracks the year-over-year percent change in the Personal Consumption Expenditures (PCE) price index, a key measure of consumer inflation in the U.S.
Q: Why is this trend relevant for users or analysts?
A: The PCE price index is a critical economic indicator that the Federal Reserve monitors closely when making monetary policy decisions to maintain price stability and support sustainable economic growth.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on comprehensive surveys of consumer expenditures.
Q: How is this trend used in economic policy?
A: The Federal Reserve uses the year-over-year change in the PCE price index as a key metric to guide its monetary policy decisions, including setting interest rates to achieve its 2% inflation target.
Q: Are there update delays or limitations?
A: This data is released by the Bureau of Economic Analysis on a monthly basis, with a lag of approximately one month from the reference period.
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Citation
U.S. Federal Reserve, Growth Rate Same Period Previous Year, Monthly (CPGDFD02G7M659N), retrieved from FRED.