National Accounts: GDP by Expenditure: Current Prices: Private Final Consumption Expenditure for Hungary
Annual
HUNPFCEADSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33,020,811,000,000.00
Year-over-Year Change
128.12%
Date Range
1/1/1995 - 1/1/2022
Summary
The Annual Personal Consumption Expenditures (PCE) measures the change in the prices paid by consumers for household expenditures. It is a key indicator of inflation and consumer spending patterns.
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 Annual PCE tracks the year-over-year change in the total value of all goods and services purchased by households. It is a broader measure of inflation than the Consumer Price Index (CPI) and an important metric for the Federal Reserve in setting monetary policy.
Methodology
The data is collected through household surveys by the U.S. Bureau of Economic Analysis.
Historical Context
The Annual PCE is closely watched by policymakers, investors, and analysts to gauge the overall health of the economy.
Key Facts
- The Annual PCE reached a peak of 6.6% in March 2022, the highest level since 1982.
- Consumer spending accounts for about 70% of U.S. economic activity.
- The Federal Reserve targets an annual PCE inflation rate of 2% as part of its dual mandate.
FAQs
Q: What does this economic trend measure?
A: The Annual Personal Consumption Expenditures (PCE) measures the year-over-year change in the prices paid by consumers for a broad range of household goods and services.
Q: Why is this trend relevant for users or analysts?
A: The Annual PCE is a key indicator of consumer inflation and spending patterns, providing important insights for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is collected through household surveys by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely monitors the Annual PCE as a primary gauge of inflation when setting monetary policy and interest rates.
Q: Are there update delays or limitations?
A: The Annual PCE data is released monthly by the Bureau of Economic Analysis, with a typical lag of about one month.
Related Trends
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Net migration for Hungary
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Citation
U.S. Federal Reserve, Annual Personal Consumption Expenditures (HUNPFCEADSMEI), retrieved from FRED.