Index 2010=1, Trend, Quarterly, Not Seasonally Adjusted
ULQBBU03O1Q662N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.01
Year-over-Year Change
3.03%
Date Range
1/1/1970 - 1/1/2011
Summary
This economic trend measures the price index for goods and services purchased by households in the United States, with 2010 as the base year. It provides insights into consumer spending patterns and inflationary pressures.
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 is a widely-used measure of inflation in the U.S. economy. It tracks changes in the prices paid by consumers for a diverse basket of goods and services, offering a comprehensive view of household purchasing power and the cost of living.
Methodology
The data is collected through household surveys and business reports, then aggregated and adjusted to calculate the index.
Historical Context
The PCE Price Index is a key indicator monitored by the Federal Reserve and other policymakers to inform monetary policy decisions.
Key Facts
- The PCE Price Index uses a Fisher chain-type formula to track changes in consumer prices.
- It includes a broader range of goods and services compared to the Consumer Price Index (CPI).
- The PCE Price Index is the Federal Reserve's preferred measure of inflation in the U.S. economy.
FAQs
Q: What does this economic trend measure?
A: The PCE Price Index measures the prices paid by consumers for a broad basket of goods and services in the U.S. economy, providing a comprehensive view of inflation.
Q: Why is this trend relevant for users or analysts?
A: The PCE Price Index is a key indicator used by the Federal Reserve and other policymakers to monitor inflation and make informed decisions about monetary policy.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and business reports, then aggregated and adjusted to calculate the index.
Q: How is this trend used in economic policy?
A: The PCE Price Index is closely watched by the Federal Reserve and other institutions to assess inflationary pressures and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The PCE Price Index data is released monthly by the U.S. Bureau of Economic Analysis, with a typical delay of one month.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Chain-type Price Index (ULQBBU03O1Q662N), retrieved from FRED.