Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Denmark
Growth rate same period previous year, Quarterly, Seasonally Adjusted
ODCNPI03DKQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-15.85
Year-over-Year Change
-210.38%
Date Range
1/1/1960 - 7/1/2018
Summary
This economic indicator measures the year-over-year growth rate of the Nominal Personal Consumption Expenditures (PCE) Chain-type Price Index, a key measure of consumer price inflation in the U.S. economy.
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 Nominal PCE Chain-type Price Index tracks changes in the prices of consumer goods and services and is a widely used gauge of inflation. This year-over-year growth rate provides insights into the pace of price changes over time.
Methodology
The data is calculated and published quarterly by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts closely monitor this inflation metric to inform monetary policy and economic decision-making.
Key Facts
- The index uses 2012 as the base year.
- Inflation has averaged around 2% per year over the last decade.
- The index is released as part of the BEA's Quarterly Personal Consumption Expenditures report.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year growth rate of the Nominal Personal Consumption Expenditures (PCE) Chain-type Price Index, a key gauge of consumer price inflation in the U.S.
Q: Why is this trend relevant for users or analysts?
A: The PCE inflation rate is a crucial metric for policymakers and economists to monitor, as it informs monetary policy decisions and provides insights into the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is calculated and published quarterly by the U.S. Bureau of Economic Analysis as part of the Personal Consumption Expenditures report.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely monitors this inflation indicator when setting monetary policy, with the goal of maintaining price stability and supporting maximum employment.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical lag of about one month after the end of the reference quarter.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Denmark
DNKCPGRSE01GYQ
Population ages 65 and above for Denmark
SPPOP65UPTOZSDNK
Consumer Price Index: Health (COICOP 06): Total for Denmark
DNKCP060000GPM
Infra-Annual Labor Statistics: Monthly Unemployment Rate Female: 25 Years or over for Denmark
LRHUADFEDKM156S
Infra-Annual Labor Statistics: Monthly Unemployment Female: From 15 to 24 Years for Denmark
LFHU24FEDKA647N
International Trade: Imports: Value (Goods): Total for Denmark
XTIMVA01DKA188S
Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly, Seasonally Adjusted (ODCNPI03DKQ659S), retrieved from FRED.