Producer Prices Index: Economic Activities: Manufacture of Food Products: Domestic for Czech Republic
Index 2015=100, Monthly
PIEAFD02CZM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
138.30
Year-over-Year Change
25.50%
Date Range
1/1/1990 - 12/1/2022
Summary
The Personal Consumption Expenditures (PCE) Price Index tracks monthly changes in the prices of consumer goods and services. This key inflation indicator is closely monitored by the Federal Reserve and policymakers.
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 Price Index is a comprehensive measure of U.S. inflation, representing the prices paid by consumers for a basket of goods and services. It is a vital economic indicator used to assess cost-of-living changes and inform monetary policy decisions.
Methodology
The index is calculated based on price data collected from households and businesses by the Bureau of Economic Analysis.
Historical Context
The PCE Price Index is a crucial input for the Federal Reserve's monetary policy and a key metric for understanding consumer spending and economic conditions.
Key Facts
- The PCE Price Index is the Federal Reserve's preferred inflation measure.
- It covers a broad range of consumer expenditures, including durable goods, nondurable goods, and services.
- The index is updated monthly and reported as a percent change from the previous period.
FAQs
Q: What does this economic trend measure?
A: The PCE Price Index measures the average change over time in the prices paid by consumers for a basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: The PCE Price Index is a crucial indicator of inflation and cost-of-living changes, providing valuable insights for policymakers, economists, and consumers.
Q: How is this data collected or calculated?
A: The index is calculated by the Bureau of Economic Analysis based on price data collected from households and businesses.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely monitors the PCE Price Index as a key input for monetary policy decisions, aiming to maintain stable prices and promote sustainable economic growth.
Q: Are there update delays or limitations?
A: The PCE Price Index is updated monthly and released with a delay of approximately one month.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures (PCE) Price Index (PIEAFD02CZM661N), retrieved from FRED.