National Accounts: GDP by Expenditure: Current Prices: Private Final Consumption Expenditure for Luxembourg
Annual
LUXPFCEADSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23,702,766,000.00
Year-over-Year Change
62.58%
Date Range
1/1/1995 - 1/1/2022
Summary
The Annual Personal Consumption Expenditures (PCE) Deflator measures the change in prices paid by consumers for goods and services in the United States. It is a key indicator of inflation and consumer spending.
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 Deflator tracks the overall price changes for personal consumption, which makes up over two-thirds of U.S. GDP. Economists and policymakers use this metric to assess the rate of inflation and make informed decisions about monetary and fiscal policies.
Methodology
The U.S. Bureau of Economic Analysis collects data on consumer spending and prices to calculate the PCE Deflator.
Historical Context
The Federal Reserve closely monitors the PCE Deflator as a gauge of inflationary pressures when setting interest rate policies.
Key Facts
- The PCE Deflator covers a broader set of consumer expenditures than the Consumer Price Index (CPI).
- The Federal Reserve targets an annual PCE Deflator inflation rate of around 2% as part of its dual mandate.
- The PCE Deflator is released monthly as part of the Personal Income and Outlays report.
FAQs
Q: What does this economic trend measure?
A: The Annual Personal Consumption Expenditures (PCE) Deflator measures the change in prices paid by consumers for goods and services in the United States.
Q: Why is this trend relevant for users or analysts?
A: The PCE Deflator is a key indicator of inflation and consumer spending, making it highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis collects data on consumer spending and prices to calculate the PCE Deflator.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely monitors the PCE Deflator as a gauge of inflationary pressures when setting interest rate policies.
Q: Are there update delays or limitations?
A: The PCE Deflator is released monthly as part of the Personal Income and Outlays report, with a typical one-month delay.
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Citation
U.S. Federal Reserve, Annual Personal Consumption Expenditures (PCE) Deflator (LUXPFCEADSMEI), retrieved from FRED.