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Growth rate previous period, Monthly
COLSPASTT01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.08
Year-over-Year Change
-106.49%
Date Range
2/1/1991 - 6/1/2025
Summary
The growth rate previous period, monthly tracks the month-over-month percent change in the Personal Consumption Expenditures (PCE) price index, a key measure of inflation used by policymakers.
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 comprehensive measure of the prices paid by consumers for a wide range of goods and services in the U.S. economy. The growth rate previous period, monthly provides insight into the pace of price changes over time, which is crucial for understanding economic trends and informing monetary policy decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on surveys of consumer expenditures.
Historical Context
This metric is closely monitored by the Federal Reserve and other economic analysts to assess inflationary pressures and guide policy actions.
Key Facts
- The PCE price index covers a broader set of consumer expenditures than the more widely known CPI.
- The Federal Reserve targets an average inflation rate of 2% based on the PCE price index.
- Month-over-month changes in the PCE price index are a key input to the Fed's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The growth rate previous period, monthly tracks the month-over-month percent change in the Personal Consumption Expenditures (PCE) price index, a comprehensive measure of consumer prices in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: The PCE price index is a crucial economic indicator used by policymakers, particularly the Federal Reserve, to assess inflationary pressures and guide monetary policy decisions. The growth rate previous period provides timely insight into the pace of price changes.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on surveys of consumer expenditures.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely monitors the growth rate previous period, monthly in the PCE price index as a key input to its monetary policy decisions, including adjustments to interest rates and other tools to manage inflation.
Q: Are there update delays or limitations?
A: The PCE price index data is released monthly by the Bureau of Economic Analysis, with a typical delay of several weeks from the end of the reference month.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (COLSPASTT01GPM), retrieved from FRED.