Labor Compensation: Earnings: Private Sector: Hourly for Portugal
Quarterly, Seasonally Adjusted
LCEAPR01PTQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.20
Year-over-Year Change
11.49%
Date Range
1/1/1996 - 7/1/2023
Summary
This economic trend measures the quarterly, seasonally adjusted personal consumption expenditures (PCE) price index, a key indicator of inflation and consumer spending in the U.S. economy.
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 and is a closely watched metric for the Federal Reserve and policymakers when assessing economic conditions and setting monetary policy.
Methodology
The data is calculated based on a survey of consumer expenditures conducted by the U.S. Bureau of Economic Analysis.
Historical Context
The PCE price index is a critical input for economic forecasting and analysis of consumer demand and inflationary pressures.
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 more widely known CPI.
- Quarterly changes in the PCE price index are closely watched by economists and policymakers.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted PCE price index tracks changes in the prices paid by consumers for a variety 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 critical indicator of inflation and consumer spending that is closely monitored by the Federal Reserve and other policymakers when setting monetary policy.
Q: How is this data collected or calculated?
A: The data is calculated based on a survey of consumer expenditures conducted by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: The PCE price index is a key input for economic forecasting and analysis of consumer demand and inflationary pressures, which inform the Federal Reserve's monetary policy decisions.
Q: Are there update delays or limitations?
A: The PCE price index data is released on a quarterly basis, with a typical 1-2 month delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (LCEAPR01PTQ661S), retrieved from FRED.