Interest Rates: Immediate Rates (< 24 Hours): Prime Rates: Total for Canada
Quarterly
IRSTPI01CAQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.20
Year-over-Year Change
193.88%
Date Range
1/1/1960 - 10/1/2023
Summary
The Quarterly Personal Consumption Expenditures (PCE) Price Index tracks changes in the prices paid by consumers for a broad basket of goods and services in the United States on a quarterly basis. This key economic indicator provides insight into inflation and consumer spending patterns.
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 Price Index is a comprehensive measure of price changes in personal consumption. It is a crucial data point used by economists, policymakers, and analysts to assess the overall state of the U.S. economy and guide fiscal and monetary policy decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on prices paid by consumers.
Historical Context
The Federal Reserve closely monitors the PCE Price Index as a key input for monetary policy decisions on interest rates and inflation control.
Key Facts
- The PCE Price Index is the Federal Reserve's preferred measure of U.S. inflation.
- The index is published quarterly, with a one-month lag.
- It covers a broader range of consumer expenditures than the Consumer Price Index (CPI).
FAQs
Q: What does this economic trend measure?
A: The Quarterly Personal Consumption Expenditures (PCE) Price Index measures changes in the prices paid by consumers for a wide variety of goods and services in the United States.
Q: Why is this trend relevant for users or analysts?
A: The PCE Price Index is a crucial indicator of inflation and consumer spending patterns, making it highly relevant 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 based on prices paid by consumers.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely monitors the PCE Price Index as a key input for monetary policy decisions on interest rates and inflation control.
Q: Are there update delays or limitations?
A: The PCE Price Index is published quarterly, with a one-month lag, providing timely but not real-time data on consumer price changes.
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Citation
U.S. Federal Reserve, Quarterly Personal Consumption Expenditures (PCE) Price Index (IRSTPI01CAQ156N), retrieved from FRED.