Producer Prices Index: Economic Activities: Manufacture of Food Products: Domestic for Czech Republic
Index 2015=100, Annual
PIEAFD02CZA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.54
Year-over-Year Change
42.19%
Date Range
1/1/1990 - 1/1/2022
Summary
The Personal Consumption Expenditures (PCE) Price Index - Annual measures the change in prices for personal consumption in the United States. It is a key indicator of inflation used by policymakers to gauge the health of the 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 PCE Price Index tracks the prices paid by consumers for a broad basket of goods and services, including durable and non-durable goods as well as services. It is a comprehensive measure of price changes in the U.S. economy and is closely watched by the Federal Reserve in setting monetary policy.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through household surveys and other sources.
Historical Context
The PCE Price Index is a critical input for the Federal Reserve's decisions on interest rates and other monetary policy actions.
Key Facts
- The PCE Price Index is the Federal Reserve's preferred measure of inflation.
- It covers a broader range of consumer spending than the Consumer Price Index (CPI).
- The index is set to 100 in 2015 for comparison purposes.
FAQs
Q: What does this economic trend measure?
A: The PCE Price Index measures the change in prices for personal consumption expenditures in the United States. It captures price changes for a wide variety of consumer goods and services.
Q: Why is this trend relevant for users or analysts?
A: The PCE Price Index is a key economic indicator used by policymakers, economists, and analysts to assess inflationary pressures and the overall health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through household surveys and other sources.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely monitors the PCE Price Index when setting monetary policy and interest rates to maintain price stability and support economic growth.
Q: Are there update delays or limitations?
A: The PCE Price Index is published monthly with a lag of about one month, providing timely information on price changes in the U.S. economy.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures (PCE) Price Index - Annual (PIEAFD02CZA661N), retrieved from FRED.