Price Level of Household Consumption for United States
PLCCPPUSA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.01
Year-over-Year Change
21.77%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Household Consumption for the United States measures changes in the general price level of consumer goods and services purchased by households. This metric is a key indicator for policymakers and economists to assess inflationary pressures 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 Price Level of Household Consumption is a price index that tracks the overall cost of a basket of consumer goods and services purchased by US households. It serves as an important barometer for understanding consumer purchasing power and the impact of inflation on household budgets.
Methodology
The data is calculated by the US Bureau of Economic Analysis using a chained-type index formula and consumer expenditure survey data.
Historical Context
This trend is closely monitored by the Federal Reserve and policymakers to inform interest rate, employment, and other economic policy decisions.
Key Facts
- The index is set to a base year of 2012 = 100.
- The data is released quarterly by the Bureau of Economic Analysis.
- Price changes are weighted by household expenditure patterns.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption tracks the overall price changes for the basket of consumer goods and services purchased by US households.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of inflationary pressures and consumer purchasing power, making it highly relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the Bureau of Economic Analysis using a chained-type price index formula and consumer expenditure survey data.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers closely monitor this trend to inform interest rate, employment, and other economic policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Bureau of Economic Analysis, with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for United States (PLCCPPUSA670NRUG), retrieved from FRED.