Index 2010=1, Annual
PIEAMP02O1A661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.05
Year-over-Year Change
24.07%
Date Range
1/1/1982 - 1/1/2016
Summary
The Personal Consumption Expenditures: Nondurable Goods: Apparel and Footwear (Chain-type Price Index) measures changes in prices for apparel and footwear purchased by U.S. consumers. This index is a key indicator of consumer spending and inflationary 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: Nondurable Goods: Apparel and Footwear (Chain-type Price Index) is a chain-weighted price index that tracks the prices paid by U.S. consumers for apparel and footwear. It is a component of the broader Personal Consumption Expenditures price index, which is a key measure of consumer inflation used by policymakers.
Methodology
This index is calculated by the U.S. Bureau of Economic Analysis based on survey data on consumer purchases.
Historical Context
The apparel and footwear price index is closely watched by the Federal Reserve and other economic analysts as an indicator of consumer spending and inflationary pressures.
Key Facts
- The index has a base year of 2010 = 1.
- Apparel and footwear account for around 4% of total personal consumption expenditures.
- The index is published monthly as part of the Personal Consumption Expenditures report.
FAQs
Q: What does this economic trend measure?
A: The Personal Consumption Expenditures: Nondurable Goods: Apparel and Footwear (Chain-type Price Index) measures changes in the prices paid by U.S. consumers for apparel and footwear items.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of consumer spending and inflationary pressures, and is closely watched by policymakers and economists.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Economic Analysis based on survey data on consumer purchases.
Q: How is this trend used in economic policy?
A: The apparel and footwear price index is used by the Federal Reserve and other analysts to assess consumer spending patterns and inflationary trends, which informs monetary policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly as part of the Personal Consumption Expenditures report, with a typical 1-2 month lag in data availability.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Nondurable Goods: Apparel and Footwear (Chain-type Price Index) (PIEAMP02O1A661N), retrieved from FRED.