Federal Reserve Economic Data

Personal Consumption Expenditures: Chain-type Price Index (PCEPI)

Observation:

Nov 2024: 2.4 (+ more)   Updated: Dec 20, 2024 7:43 AM CST
Nov 2024:  2.4  
Oct 2024:  2.3  
Sep 2024:  2.1  
Aug 2024:  2.3  
Jul 2024:  2.5  
View All

Units:

Percent Change from Year Ago,
Seasonally Adjusted

Frequency:

Monthly
1Y | 5Y | 10Y | Max
to
Date:
  EDIT LINE 1
(a) Personal Consumption Expenditures: Chain-type Price Index, Index 2017=100, Seasonally Adjusted (PCEPI)

Select a date that will equal 100 for your custom index:
  Enter date as YYYY-MM-DD
to

Write a custom formula to transform one or more series or combine two or more series.

You can begin by adding a series to combine with your existing series.

Select...

    Now create a custom formula to combine or transform the series.
    Need help? []

    For example, invert an exchange rate by using formula 1/a, where “a” refers to the first FRED data series added to this line. Or calculate the spread between 2 interest rates, a and b, by using the formula a - b.

    Use the assigned data series variables (a, b, c, etc.) together with operators (+, -, *, /, ^, etc.), parentheses and constants (1, 1.5, 2, etc.) to create your own formula (e.g., 1/a, a-b, (a+b)/2, (a/(a+b+c))*100). As noted above, you may add other data series to this line before entering a formula.

    Finally, you can change the units of your new series.

    Select a date that will equal 100 for your custom index:
        Enter date as YYYY-MM-DD

    ADDLINE

    Add data series to graph:

    Type keywords to search for data
    Create user-defined line? []
    You can customize a graph by adding a straight line between two data points.
    FORMAT GRAPH
    Log scale:
    Show:
    Color:
    Graph frame
    Plot area
    Text

     LINE 1: Personal Consumption Expenditures: Chain-type Price Index
    Color:



    NOTES

    Source: U.S. Bureau of Economic Analysis  

    Release: Personal Income and Outlays  

    Units:  Index 2017=100, Seasonally Adjusted

    Frequency:  Monthly

    Notes:

    BEA Account Code: DPCERG

    The Personal Consumption Expenditures Price Index is a measure of the prices that people living in the United States, or those buying on their behalf, pay for goods and services. The change in the PCE price index is known for capturing inflation (or deflation) across a wide range of consumer expenses and reflecting changes in consumer behavior. For example, if the price of beef rises, shoppers may buy less beef and more chicken.

    The PCE Price Index is produced by the Bureau of Economic Analysis (BEA), which revises previously published PCE data to reflect updated information or new methodology, providing consistency across decades of data that's valuable for researchers. They also offer the series as a Chain-Type index, as above. The PCE price index is used primarily for macroeconomic analysis and forecasting.

    The PCE Price index is the Federal Reserve’s preferred measure of inflation. The PCE Price Index is similar to the Bureau of Labor Statistics' consumer price index for urban consumers. The two indexes, which have their own purposes and uses, are constructed differently, resulting in different inflation rates.

    For more information on the PCE price index, see:
    U.S. Bureau of Economic Analysis, Guide to the National Income and Product Accounts of the United States (NIPA)
    U.S. Bureau of Economic Analysis, Personal Consumption Expenditures Price Index
    U.S. Bureau of Economic Analysis, Prices & Inflation
    U.S. Bureau of Labor Statistics, Differences between the Consumer Price Index and the Personal Consumption Expenditure Price Index

    Suggested Citation:

    U.S. Bureau of Economic Analysis, Personal Consumption Expenditures: Chain-type Price Index [PCEPI], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/PCEPI, January 13, 2025.

    RELATED DATA AND CONTENT

    Data Suggestions Based On Your Search

    Content Suggestions

    Other Formats

    Related Categories

    Releases

    Tags


    Subscribe to the FRED newsletter


    Follow us

    Back to Top