PCE Price Index Annual shows changes in prices for a fixed basket of consumer goods and services purchased by US residents in the reported year compared to the previous year. This indicator is also called "PCE deflator". It takes into account households' actual and imputed spendings on durable and non-durable goods and on services.
The index is benchmarked to a basis of 2009.
The PCE index is included in the US inflation measurement, as its growth is usually accompanied by an increase in prices for goods and services.
In comparison to another US consumer price indicator CPI, the US Fed prefers to use PCE for analyzing economic conditions. It is because the PCE calculation formula allows accounting for the influence of short-term changes in consumer behavior and adjusting the basket, while the consumer basket set and the weights of its elements in CPI calculation are only revised every two years. Therefore, PCE provides a more complete inflation gauge.
The index growth may have a positive effect on the US dollar quotes.
The chart of the entire available history of the "United States Personal Consumption Expenditures (PCE) Price Index Annual" macroeconomic indicator.
Create your own calendar of economic events. To do this, simply specify its size and display period. You can freely use this widget on your websites. In return, we ask you to keep the provided code unchanged.
The Calendar data are provided as is. The economic news release frequency and schedule, as well as the economic parameters' values may change without our knowledge. You can use the provided information, but you accept all the risks associated with making trade decisions based on the Calendar data.