Quarterly
CSCICP02CAQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
17.16%
Date Range
1/1/1980 - 10/1/2014
Summary
The Quarterly Personal Consumption Expenditures (PCE) Index measures changes in the prices paid by consumers for a broad range of goods and services. It is a key indicator of inflation and a critical metric for policymakers and economists.
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 Quarterly PCE Index is a measure of the prices paid by consumers for the goods and services they purchase. It is a more comprehensive indicator of inflation than the Consumer Price Index (CPI), as it includes a wider range of spending categories. The PCE Index is closely watched by the Federal Reserve and other policymakers to assess the state of the economy.
Methodology
The data is collected through surveys of businesses and households by the U.S. Bureau of Economic Analysis.
Historical Context
The Quarterly PCE Index is used by the Federal Reserve and other policymakers to inform monetary policy decisions and track the overall health of the economy.
Key Facts
- The Quarterly PCE Index is released by the U.S. Bureau of Economic Analysis.
- It covers a broader range of consumer spending than the Consumer Price Index (CPI).
- The Federal Reserve closely monitors the PCE Index to guide monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Personal Consumption Expenditures (PCE) Index measures changes in the prices paid by consumers for a wide range of goods and services, providing a comprehensive indicator of inflation.
Q: Why is this trend relevant for users or analysts?
A: The Quarterly PCE Index is a critical metric for policymakers, economists, and market analysts, as it helps assess the overall state of the economy and guides important decisions related to monetary policy and consumer spending.
Q: How is this data collected or calculated?
A: The data for the Quarterly PCE Index is collected through surveys of businesses and households by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: The Quarterly PCE Index is closely monitored by the Federal Reserve and other policymakers to inform monetary policy decisions and track the overall health of the economy.
Q: Are there update delays or limitations?
A: The Quarterly PCE Index is released by the U.S. Bureau of Economic Analysis with a delay of approximately one month after the end of the quarter.
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Citation
U.S. Federal Reserve, Quarterly Personal Consumption Expenditures (CSCICP02CAQ661N), retrieved from FRED.