Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Russia
Monthly
RUSPRMNTO01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
155.27
Year-over-Year Change
4.02%
Date Range
1/1/1999 - 12/1/2021
Summary
The Personal Consumption Expenditures (PCE) Price Index is a key measure of U.S. inflation that tracks changes in consumer spending. It is closely watched by policymakers and analysts to gauge the overall price level and cost of living.
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 is a broad measure of the prices paid by consumers for a wide range of goods and services, from housing and food to medical care and transportation. It is a more comprehensive inflation indicator than the Consumer Price Index (CPI) and considered a better representation of actual consumer behavior.
Methodology
The data is collected through surveys of businesses and households by the U.S. Bureau of Economic Analysis.
Historical Context
The PCE Price Index is a critical input for Federal Reserve monetary policy decisions.
Key Facts
- The PCE Price Index covers a broader range of consumer expenditures than the CPI.
- The Federal Reserve targets an annual PCE inflation rate of 2% for price stability.
- The PCE Price Index is released monthly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: The PCE Price Index measures the changes in prices paid by consumers for a broad basket of goods and services in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: The PCE Price Index is a key indicator of inflation and a critical input for Federal Reserve monetary policy decisions that impact interest rates, employment, and economic growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households 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 to guide its decisions on interest rates and other monetary policy tools to achieve its dual mandate of price stability and maximum employment.
Q: Are there update delays or limitations?
A: The PCE Price Index is released monthly by the U.S. Bureau of Economic Analysis, with a typical one-month lag between the reference period and the release date.
Related Trends
Real Imports of Goods for Russia
NMGRNSAXDCRUQ
Value of Exports to Russia from Ohio
OHRUSA052SCEN
Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Russia
RUSCP040000IXNBM
Geographical Outreach: Number of Institutions, Other Depository Corporations, Other Deposit Takers for Russian Federation
RUSFCIODDNUM
Nominal Exports of Services for Russia
NXSNSAXDCRUQ
Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Russian Federation
RUSFCBODCKNUM
Citation
U.S. Federal Reserve, Personal Consumption Expenditures Price Index (RUSPRMNTO01IXOBM), retrieved from FRED.