National Accounts: GDP by Expenditure: Current Prices: Private Final Consumption Expenditure for Ireland
Annual
IRLPFCEADSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124,133,053,727.00
Year-over-Year Change
56.39%
Date Range
1/1/1995 - 1/1/2022
Summary
The Annual trend measures the annual inflation rate for personal consumption expenditures (PCE) in the United States. It is a key economic indicator used by policymakers to gauge consumer price changes.
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 Annual PCE inflation rate tracks the year-over-year change in the prices of goods and services purchased by U.S. consumers. It is a closely watched metric that helps the Federal Reserve and analysts assess broader inflationary pressures in the economy.
Methodology
The data is calculated based on the change in the PCE price index, a measure of the prices paid by consumers for a representative basket of goods and services.
Historical Context
Policymakers and market participants closely monitor the Annual PCE inflation rate to inform decisions around monetary policy and economic forecasting.
Key Facts
- The Annual PCE inflation rate is a key metric for the Federal Reserve's inflation targeting policy.
- It measures changes in consumer prices across a broad range of goods and services.
- The PCE price index is the Federal Reserve's preferred inflation gauge, compared to the CPI.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year change in the prices of goods and services purchased by U.S. consumers, as captured by the PCE price index.
Q: Why is this trend relevant for users or analysts?
A: The Annual PCE inflation rate is a critical indicator used by policymakers, economists, and market participants to assess broader inflationary pressures in the economy.
Q: How is this data collected or calculated?
A: The data is calculated based on the change in the PCE price index, a measure of the prices paid by consumers for a representative basket of goods and services.
Q: How is this trend used in economic policy?
A: The Annual PCE inflation rate is closely monitored by the Federal Reserve to inform monetary policy decisions and support the central bank's inflation targeting objectives.
Q: Are there update delays or limitations?
A: The Annual PCE inflation rate data is typically published with a 1-month lag by the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Annual (IRLPFCEADSMEI), retrieved from FRED.