Consumer Price Index: Food for Luxembourg
Quarterly
LUXCPIFODQINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.74
Year-over-Year Change
6.23%
Date Range
1/1/1960 - 1/1/2018
Summary
The Quarterly Personal Consumption Expenditures (PCE) Price Index measures the change in prices paid by consumers for a broad basket of goods and services over a three-month period. It is a key indicator of inflation and a major focus for the Federal Reserve's 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 Quarterly PCE Price Index tracks the prices of a comprehensive set of consumer purchases, including durable goods, nondurable goods, and services. It is one of the Federal Reserve's preferred measures of inflation and provides important insight into consumer behavior and price pressures within the broader economy.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through comprehensive surveys of consumer spending.
Historical Context
Policymakers and market analysts closely monitor the PCE Price Index to assess the overall rate of inflation and guide decisions on interest rates and other economic policies.
Key Facts
- The PCE Price Index is the Federal Reserve's preferred measure of inflation.
- It covers a broader set of consumer expenditures than the Consumer Price Index (CPI).
- The quarterly data is released with a one-month lag.
FAQs
Q: What does the Quarterly PCE Price Index measure?
A: The Quarterly PCE Price Index measures the change in prices paid by consumers for a comprehensive basket of goods and services over a three-month period.
Q: Why is the Quarterly PCE Price Index relevant for users or analysts?
A: The PCE Price Index is a key indicator of inflation that is closely monitored by the Federal Reserve and other policymakers to guide economic and monetary policy decisions.
Q: How is the Quarterly PCE Price Index data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through comprehensive surveys of consumer spending.
Q: How is the Quarterly PCE Price Index used in economic policy?
A: Policymakers and market analysts use the PCE Price Index to assess the overall rate of inflation and inform decisions on interest rates and other economic policies.
Q: Are there any update delays or limitations with the Quarterly PCE Price Index data?
A: The quarterly data is released with a one-month lag, providing a slightly delayed but comprehensive view of consumer price trends.
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Citation
U.S. Federal Reserve, Quarterly Personal Consumption Expenditures (PCE) Price Index (LUXCPIFODQINMEI), retrieved from FRED.