Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for Russia
Quarterly
RUSCP120000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.24
Year-over-Year Change
173.97%
Date Range
1/1/2005 - 10/1/2021
Summary
The Quarterly Real Personal Consumption Expenditures (PCE) measures inflation-adjusted consumer spending over a three-month period. It is a key indicator of economic growth 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
The Quarterly Real Personal Consumption Expenditures (PCE) tracks the value of consumer purchases of durable goods, nondurable goods, and services, adjusted for inflation. It is a critical macroeconomic indicator used by policymakers and analysts to assess the strength of the U.S. economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on consumer spending surveys.
Historical Context
This metric helps inform monetary and fiscal policy decisions that can impact employment, inflation, and economic expansion.
Key Facts
- The PCE accounts for about 70% of U.S. GDP.
- Quarterly Real PCE grew 3.1% in the most recent quarter.
- Consumer spending drives over two-thirds of U.S. economic activity.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Real Personal Consumption Expenditures (PCE) tracks inflation-adjusted consumer spending on goods and services in the U.S. over a three-month period.
Q: Why is this trend relevant for users or analysts?
A: The PCE is a critical indicator of economic health and consumer demand, helping policymakers and analysts assess the strength 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 based on consumer spending surveys.
Q: How is this trend used in economic policy?
A: The Quarterly Real PCE helps inform monetary and fiscal policy decisions that can impact employment, inflation, and economic expansion.
Q: Are there update delays or limitations?
A: The Quarterly Real PCE data is released by the Bureau of Economic Analysis with a delay of approximately one month after the end of each quarter.
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Citation
U.S. Federal Reserve, Quarterly Real Personal Consumption Expenditures (RUSCP120000GYQ), retrieved from FRED.