Producer Prices Index: Economic Activities: Manufacture of Food Products: Total for Czech Republic
Index 2015=100, Annual
PIEAFD01CZA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.65
Year-over-Year Change
16.82%
Date Range
1/1/1996 - 1/1/2021
Summary
The 'Index 2015=100, Annual' metric measures the annual average of a price index for personal consumption expenditures in the United States. This is a key indicator of consumer inflation and purchasing power 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 personal consumption expenditures (PCE) price index tracks the changes in prices paid by consumers for a broad range of goods and services. It is a widely used gauge of U.S. inflation and a key data point for economic policymakers.
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 as it formulates monetary policy and inflation targets.
Key Facts
- The PCE price index has a base year of 2015 = 100.
- It covers a wider range of consumer spending than the CPI.
- Annual data is released by the BEA each January.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2015=100, Annual' metric measures the annual average change in prices paid by U.S. consumers for a broad basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: The PCE price index is a key indicator of consumer inflation and purchasing power, and is closely watched by the Federal Reserve and other policymakers.
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 crucial input for the Federal Reserve in setting monetary policy and inflation targets.
Q: Are there update delays or limitations?
A: Annual PCE price index data is released by the BEA each January with a one-year lag.
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Citation
U.S. Federal Reserve, Index 2015=100, Annual (PIEAFD01CZA661N), retrieved from FRED.