Producer Prices Index: Economic Activities: Industrial Activities: Domestic for Portugal
Index 2015=100, Monthly
PIEATI02PTM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132.50
Year-over-Year Change
6.77%
Date Range
1/1/1990 - 12/1/2022
Summary
The Personal Consumption Expenditures (PCE) Index measures changes in consumer prices. It is a key indicator of inflation and a critical input for economic 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 Index tracks the prices paid by consumers for a broad basket of goods and services, providing a comprehensive measure of price changes across the U.S. economy. It is a widely followed metric used by the Federal Reserve and other analysts to assess inflationary pressures.
Methodology
The Bureau of Economic Analysis collects price data through household and business surveys to calculate the PCE Index.
Historical Context
The PCE Index is a crucial economic indicator that informs Federal Reserve monetary policy decisions.
Key Facts
- The PCE Index uses a chain-weighted formula to track price changes.
- It includes a broader set of consumer goods and services than the Consumer Price Index (CPI).
- The Federal Reserve targets an annual PCE inflation rate of 2% as part of its dual mandate.
FAQs
Q: What does this economic trend measure?
A: The PCE Index measures changes in the prices paid by consumers for a comprehensive basket of goods and services across the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: The PCE Index is a critical indicator of inflationary pressures that informs Federal Reserve monetary policy decisions and is closely watched by economists and investors.
Q: How is this data collected or calculated?
A: The Bureau of Economic Analysis collects price data through household and business surveys to calculate the PCE Index.
Q: How is this trend used in economic policy?
A: The Federal Reserve uses the PCE Index as a key input for monetary policy decisions, as it aims to maintain an annual inflation rate of 2%.
Q: Are there update delays or limitations?
A: The PCE Index is published monthly by the Bureau of Economic Analysis, with a typical release lag of about one month.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures (PIEATI02PTM661N), retrieved from FRED.