All Employees: Construction in Pennsylvania
Monthly, Seasonally Adjusted
PACONS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
261.30
Year-over-Year Change
0.69%
Date Range
1/1/1990 - 6/1/2025
Summary
The Personal Consumption Expenditures (PCE) Index measures changes in the prices paid by consumers for goods and services in the U.S. economy. It is a key indicator of inflation and consumer spending trends.
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 Index is a comprehensive measure of consumer inflation, tracking price changes for a broad range of personal consumption items. It is a crucial statistic used by policymakers and analysts to assess economic conditions and guide monetary policy decisions.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of consumer purchases.
Historical Context
The PCE Index is closely monitored by the Federal Reserve and other institutions to evaluate the health of the U.S. economy.
Key Facts
- The PCE Index is the Federal Reserve's preferred measure of inflation.
- It covers a broader range of consumer spending than the Consumer Price Index (CPI).
- The PCE Index is published monthly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: The PCE Index measures changes in the prices paid by consumers for goods and services in the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: The PCE Index is a crucial indicator of inflation and consumer spending trends, used by policymakers and analysts to assess economic conditions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of consumer purchases.
Q: How is this trend used in economic policy?
A: The PCE Index is closely monitored by the Federal Reserve and other institutions to evaluate the health of the U.S. economy and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The PCE Index is published monthly, with a short delay from the end of the reference period.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures (PACONS), retrieved from FRED.