Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Ireland
Growth rate previous period, Annual, Seasonally Adjusted
ODCNPI03IEA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-21.43
Year-over-Year Change
-47.44%
Date Range
1/1/1976 - 1/1/2024
Summary
This economic indicator measures the annual growth rate of the Nominal Personal Consumption Expenditures (PCE) index, a key measure of inflation. It is an important gauge of consumer price trends and a factor in monetary policy decisions.
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 Growth Rate Previous Period, Annual, Seasonally Adjusted series tracks the year-over-year percentage change in the headline Nominal PCE index. This index is a comprehensive measure of price changes for consumer goods and services, making it a crucial economic indicator for policymakers and analysts.
Methodology
The data is calculated based on the Nominal PCE index, which is collected through household surveys and business reports by the U.S. Bureau of Economic Analysis.
Historical Context
This inflation metric is closely monitored by the Federal Reserve and other institutions to assess consumer demand and guide monetary policy actions.
Key Facts
- The PCE index is the Federal Reserve's preferred inflation gauge.
- Annual PCE growth averaged 2.4% from 2010-2019.
- Sustained high inflation can prompt the Fed to raise interest rates.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the year-over-year percent change in the Nominal Personal Consumption Expenditures (PCE) index, a comprehensive measure of consumer price inflation.
Q: Why is this trend relevant for users or analysts?
A: The PCE inflation rate is a crucial metric for the Federal Reserve and other policymakers in assessing the state of the economy and making monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated based on the Nominal PCE index, which is collected through household surveys and business reports by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely monitors this inflation indicator to guide its monetary policy actions, such as setting interest rates, to maintain price stability and support economic growth.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Bureau of Economic Analysis, with a typical lag of one month from the reference period.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual, Seasonally Adjusted (ODCNPI03IEA657S), retrieved from FRED.