Global price of Tea, Kenyan
Annual
PTEAUSDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
328.02
Year-over-Year Change
-5.99%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual trend measures the total personal consumption expenditures (PCE) of U.S. households, a key indicator of economic activity and consumer demand.
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
PCE accounts for the majority of overall economic output and is closely monitored by policymakers, economists, and financial analysts to assess the health and trajectory of the U.S. economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Changes in PCE are a major consideration in Federal Reserve interest rate and monetary policy decisions.
Key Facts
- PCE accounts for over two-thirds of U.S. GDP.
- PCE has grown at an average annual rate of 4.7% since 1929.
- Consumer spending typically makes up the largest component of U.S. economic growth.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the total personal consumption expenditures (PCE) of U.S. households, which includes spending on durable and non-durable goods as well as services.
Q: Why is this trend relevant for users or analysts?
A: PCE is a key indicator of economic activity and consumer demand, making it a crucial data point for policymakers, economists, and financial analysts to assess the overall health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis, a division of the Department of Commerce.
Q: How is this trend used in economic policy?
A: Changes in PCE are a major consideration in Federal Reserve interest rate and monetary policy decisions, as consumer spending is a significant driver of overall economic growth.
Q: Are there update delays or limitations?
A: The Annual PCE data is released on a quarterly basis with a typical delay of 2-3 months after the end of the reporting period.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Total (PTEAUSDA), retrieved from FRED.