Personal consumption expenditures: Durable goods: Furniture and furnishings (chain-type price index)
This dataset tracks personal consumption expenditures: durable goods: furniture and furnishings (chain-type price index) over time.
Latest Value
112.79
Year-over-Year Change
-0.75%
Date Range
1/1/1929 - 1/1/2024
Summary
The personal consumption expenditures (PCE) durable goods: furniture and furnishings (chain-type price index) measures changes in the prices paid by consumers for furniture and home furnishings. This important economic indicator provides insights into consumer spending and inflation trends.
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 PCE furniture and furnishings price index is a subcomponent of the broader PCE durable goods category, which reflects consumer purchases of long-lasting products. This index is a key measure used by economists and policymakers to assess household consumption and inflationary pressures in the U.S. economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
The PCE furniture and furnishings index is closely monitored by the Federal Reserve and other institutions to inform monetary policy decisions.
Key Facts
- The index has a base year of 2012=100.
- Furniture and furnishings account for approximately 3% of total PCE.
- The index has increased by over 20% since 2015.
FAQs
Q: What does this economic trend measure?
A: The PCE furniture and furnishings (chain-type price index) measures changes in the prices paid by consumers for a variety of household furniture and home furnishings products.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into consumer spending patterns and inflationary pressures in the economy, making it a key metric for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Q: How is this trend used in economic policy?
A: The PCE furniture and furnishings index is closely monitored by the Federal Reserve and other institutions to inform monetary policy decisions aimed at achieving stable prices and maximum employment.
Q: Are there update delays or limitations?
A: The PCE furniture and furnishings index is published monthly with a typical delay of one to two months.
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Citation
U.S. Federal Reserve, Personal consumption expenditures: Durable goods: Furniture and furnishings (chain-type price index) (DFFFRG3A086NBEA), retrieved from FRED.