Encyclopedia > Personal consumption expenditures price index
The PCE price index (PCEPI) (or PCE deflator, PCE price deflator, Implicit Price Deflator for Personal Consumption Expenditures (IPD for PCE) (by the Bureau of Economic Analysis) or the chain-type price index for personal consumption expenditures (CTPIPCE) (by the FOMC)) is a nation-wide indicator of the average increase in prices for all domestic personal consumption. It's indexed to a base of 100 in 1992. It's derived from the largest Gross Domestic Product component, personal consumption expenditures. The other components are government consumption expenditures, gross private domestic investment, and net exports of goods and services, the GDP can be found in the BEA's national income and product accounts. The Bureau of Economic Analysis (BEA) is an agency in the United States Department of Commerce that provides a comprehensive statistical picture of the economy of the United States. ...
The Federal Open Market Committee (FOMC) is charged under the law with overseeing open market operations, the principal tool of national monetary policy. ...
A regions gross domestic product, or GDP, is one of several measures of the size of its economy. ...
Composition See also Household final consumption expenditure External links Eurostat - Consumption expenditure of private households Categories: Economics ...
The introduction to this article provides insufficient context for those unfamiliar with the subject matter. ...
For alternate usages of BEA see Bea (disambiguation) Hawker-Siddeley Trident 1C (G-ARPC), built 1962 and destroyed in a fire at London (Heathrow) Airport in 1975. ...
National Income and Product Accounts (NIPA) use double entry accounting to report the monetary value and sources of output produced in a country and the distribution of incomes that production generates. ...
The less volatile measure of the PCE price index is the core PCE price index which excludes the more volatile and seasonal food and energy prices.
In comparison to the Consumer price index, this index use current period quantities as the weights ("chain-type") rather than some fixed bundle. Current personal consumption is measured in today's prices and then compared to current personal consumption at prices from a base year. This price index method assumes that the consumer has made allowances for changes in relative prices. In economics, a Consumer Price Index (CPI, also retail price index) is a statistical measure of a weighted average of prices of a specified set of goods and services purchased by wage earners in urban areas. ...
The price of one thing (usually a good) in terms of another; ie, the ratio of two prices. ...
Federal Reserve
In its "Monetary Policy Report to the Congress" ("Humphrey-Hawkins Report") from February 17, 2000 the FOMC said it was changing its primary measure of inflation from the consumer price index to the "chain-type price index for personal consumption expenditures" ([1]). ...
The Federal Open Market Committee (FOMC) is charged under the law with overseeing open market operations, the principal tool of national monetary policy. ...
In economics, a Consumer Price Index (CPI, also retail price index) is a statistical measure of a weighted average of prices of a specified set of goods and services purchased by wage earners in urban areas. ...
See also In economics, a Consumer Price Index (CPI, also retail price index) is a statistical measure of a weighted average of prices of a specified set of goods and services purchased by wage earners in urban areas. ...
In economics, the GDP deflator (implicit price deflator for GDP) is a price index measuring changes in prices of all new, domestically produced, final goods and services in an economy. ...
Household final consumption expenditure (HFCE) is a price index which represents consumer spending. ...
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