Dwellings and Residential Buildings Permits Issued for Construction for the European Union
Index 2015=100, Annual, Not Seasonally Adjusted
ODCNPI03EUA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128.25
Year-over-Year Change
-56.66%
Date Range
1/1/1995 - 1/1/2019
Summary
This economic trend measures the U.S. Personal Consumption Expenditures Price Index, a key indicator of consumer inflation.
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 Personal Consumption Expenditures (PCE) Price Index is a measure of the prices paid by consumers for a broad range of goods and services. It is a widely followed indicator of inflationary pressures in the U.S. economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on surveys of consumer spending.
Historical Context
The PCE Price Index is closely monitored by the Federal Reserve and other policymakers in assessing economic conditions and guiding monetary policy.
Key Facts
- The PCE Price Index is a chain-type index that measures changes in consumer spending.
- The index has a base year of 2015 = 100.
- The data is released monthly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: The Personal Consumption Expenditures (PCE) Price Index measures the prices paid by consumers for a wide range 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 key indicator of consumer inflation and a closely watched metric by the Federal Reserve and other policymakers in assessing economic conditions.
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 spending.
Q: How is this trend used in economic policy?
A: The PCE Price Index is a primary inflation gauge used by the Federal Reserve in formulating monetary policy and managing price stability.
Q: Are there update delays or limitations?
A: The PCE Price Index is released monthly by the Bureau of Economic Analysis with a typical lag of several weeks.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures Price Index (ODCNPI03EUA661S), retrieved from FRED.