Labor Compensation: Earnings: Private Sector: Hourly for Sweden
Index 2015=100, Monthly, Seasonally Adjusted
LCEAPR01SEM661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.91
Year-over-Year Change
3.75%
Date Range
1/1/1996 - 9/1/2023
Summary
The Index 2015=100, Monthly, Seasonally Adjusted series measures the monthly change in the real personal consumption expenditures (PCE) price index, a key indicator of consumer inflation in the United States.
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
This index tracks the prices paid by consumers for a basket of goods and services, providing insight into overall price levels and consumer purchasing power. It is a critical economic indicator used by policymakers, analysts, and businesses to assess inflationary pressures.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a survey of consumer expenditures.
Historical Context
The PCE price index is closely monitored by the Federal Reserve in setting monetary policy.
Key Facts
- The PCE price index is the Federal Reserve's preferred measure of inflation.
- The index is updated monthly, providing timely data on price changes.
- Policymakers use the PCE index to guide decisions on interest rates and other monetary policies.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Monthly, Seasonally Adjusted series measures the monthly change in the real personal consumption expenditures (PCE) price index, a key indicator of consumer inflation in the United States.
Q: Why is this trend relevant for users or analysts?
A: The PCE price index is a critical economic indicator used by policymakers, analysts, and businesses to assess inflationary pressures and consumer purchasing power.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a survey of consumer expenditures.
Q: How is this trend used in economic policy?
A: The PCE price index is closely monitored by the Federal Reserve in setting monetary policy, as it is the central bank's preferred measure of inflation.
Q: Are there update delays or limitations?
A: The index is updated monthly, providing timely data on price changes.
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Citation
U.S. Federal Reserve, Index 2015=100, Monthly, Seasonally Adjusted (LCEAPR01SEM661S), retrieved from FRED.