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Growth Rate Previous Period, Annual, Not Seasonally Adjusted
ODCNPI03CHA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.30
Year-over-Year Change
1733.08%
Date Range
1/1/1995 - 1/1/2012
Summary
This economic trend measures the annual growth rate of the nominal personal consumption expenditures (PCE) index, which is a key indicator of consumer spending and inflation.
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 Growth Rate Previous Period, Annual, Not Seasonally Adjusted metric tracks the year-over-year change in the PCE price index, providing insights into the pace of consumer price inflation. It is widely followed by economists, policymakers, and market analysts.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis from personal consumption expenditure figures.
Historical Context
This indicator helps inform Federal Reserve monetary policy decisions and is closely watched for its implications on consumer demand and the overall economic outlook.
Key Facts
- The PCE price index is the Federal Reserve's preferred measure of inflation.
- Consumer spending accounts for over two-thirds of U.S. economic activity.
- Rapid growth in the PCE index can signal the need for tighter monetary policy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of the nominal personal consumption expenditures (PCE) price index, which is a key indicator of consumer spending and inflationary pressures.
Q: Why is this trend relevant for users or analysts?
A: The PCE growth rate is closely watched by economists, policymakers, and market participants as it provides insights into the pace of consumer price inflation and consumer demand, which are crucial for economic analysis and monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis from personal consumption expenditure figures.
Q: How is this trend used in economic policy?
A: The PCE growth rate is a key input for the Federal Reserve's monetary policy decisions, as it helps inform the central bank's assessment of inflationary pressures and the overall economic outlook.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Economic Analysis, with typical update delays of one to two months.
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Citation
U.S. Federal Reserve, Growth Rate Previous Period, Annual, Not Seasonally Adjusted (ODCNPI03CHA657S), retrieved from FRED.