National Accounts: GDP by Expenditure: Current Prices: Private Final Consumption Expenditure for United States
Annual
USAPFCEADSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,511,744,250,000.00
Year-over-Year Change
70.68%
Date Range
1/1/1960 - 1/1/2022
Summary
The 'Annual' economic trend measures the U.S. Personal Consumption Expenditures (PCE) Price Index, a key indicator of inflation and consumer spending.
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 changes in the prices paid by consumers for a broad range of goods and services in the U.S. economy. It is a widely-used benchmark for monetary policy and assessing the overall health of the economy.
Methodology
The data is collected and calculated monthly by the U.S. Bureau of Economic Analysis.
Historical Context
The PCE Price Index informs the Federal Reserve's interest rate decisions and is closely watched by policymakers, investors, and economists.
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 annual PCE Price Index is an important input for the Federal Open Market Committee (FOMC).
FAQs
Q: What does this economic trend measure?
A: The 'Annual' trend measures the U.S. Personal Consumption Expenditures (PCE) Price Index, which tracks changes in consumer prices over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: The PCE Price Index is a key indicator of inflation and consumer spending, making it highly relevant for policymakers, investors, and economists analyzing the overall health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated monthly by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: The annual PCE Price Index is a crucial input for the Federal Reserve's monetary policy decisions, as it informs their efforts to maintain price stability and maximum employment.
Q: Are there update delays or limitations?
A: The PCE Price Index data is released monthly, with a typical delay of around one month from the reference period.
Related Trends
Consumer Price Index: All Items: City: Total for United States
CPALCY01USM661N
Sales: Retail Trade: Total Retail Trade: Volume for United States
SLRTTO01USA659S
Producer Prices Index: Type of Goods: Consumer Goods: Total for United States
PITGCG01USM661N
Interest Rates: Immediate Rates (< 24 Hours): Prime Rates: Total for United States
IRSTPI01USM156N
Real Broad Effective Exchange Rate for United States
RBUSBIS
National Accounts: GDP by Expenditure: Constant Prices: Gross Fixed Capital Formation for United States
NAEXKP04USQ652S
Citation
U.S. Federal Reserve, Annual (USAPFCEADSMEI), retrieved from FRED.