Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Czech Republic
Growth rate same period previous year, Quarterly, Seasonally Adjusted
ODCNPI03CZQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.62
Year-over-Year Change
-85.64%
Date Range
1/1/2000 - 1/1/2025
Summary
This economic trend measures the year-over-year growth rate of the Personal Consumption Expenditures (PCE) Price Index, a key gauge of consumer inflation, on a quarterly basis.
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 Price Index tracks changes in the prices paid by consumers for a broad basket of goods and services, providing a comprehensive measure of U.S. inflation. This seasonally adjusted, annualized growth rate is a widely-watched indicator used by policymakers and analysts to assess price stability and the health of the economy.
Methodology
The data is calculated from the PCE Price Index, a component of the National Income and Product Accounts published by the U.S. Bureau of Economic Analysis.
Historical Context
The growth rate in PCE prices is a crucial input for the Federal Reserve's monetary policy decisions.
Key Facts
- The PCE Price Index covers a broader range of consumer expenditures than the more widely-cited CPI.
- This trend shows inflation from the consumer's perspective, rather than the producer's.
- The Federal Reserve targets 2% annual PCE inflation as part of its dual mandate.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in the PCE Price Index, a comprehensive gauge of U.S. consumer inflation on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The PCE Price Index growth rate is a key economic indicator used by policymakers, economists, and investors to assess price stability and the overall health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated from the PCE Price Index, a component of the National Income and Product Accounts published by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely monitors the PCE Price Index growth rate as a guide for its monetary policy decisions, with the goal of maintaining stable prices and maximum employment.
Q: Are there update delays or limitations?
A: The PCE Price Index data is released on a monthly basis, with the quarterly growth rate trend published with a short lag.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly, Seasonally Adjusted (ODCNPI03CZQ659S), retrieved from FRED.