Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Canada
Growth rate same period previous year, Quarterly, Seasonally Adjusted
ODCNPI03CAQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.56
Year-over-Year Change
1774.01%
Date Range
1/1/1949 - 1/1/2025
Summary
This economic trend measures the year-over-year growth rate of the Personal Consumption Expenditures (PCE) 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 growth rate is a widely-used metric that provides insight into changes in consumer prices and purchasing power over time. It is a crucial data point for policymakers and analysts monitoring economic conditions and guiding fiscal and monetary policy decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on surveys of consumer expenditures.
Historical Context
This indicator helps inform the Federal Reserve's monetary policy decisions and is closely watched by economists, investors, and the public.
Key Facts
- The PCE growth rate was 4.9% in Q4 2022.
- This metric has averaged 2.4% annually over the past 10 years.
- The Federal Reserve targets a 2% annual PCE inflation rate.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the year-over-year growth rate of the Personal Consumption Expenditures (PCE) index, which tracks changes in consumer prices and spending.
Q: Why is this trend relevant for users or analysts?
A: The PCE growth rate is a crucial metric for understanding inflation, consumer demand, and the overall health of the U.S. economy, making it essential for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on surveys of consumer expenditures.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely monitors the PCE growth rate to inform its monetary policy decisions, as it is a key indicator of inflation and consumer spending in the U.S. economy.
Q: Are there update delays or limitations?
A: The PCE growth rate data is released quarterly with a lag of approximately one month, providing timely but not real-time information on consumer price trends.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly, Seasonally Adjusted (ODCNPI03CAQ659S), retrieved from FRED.