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Average Hourly Earnings of Production and Nonsupervisory Employees, Total Private/Personal Consumption Expenditures: Chain-type Price Index

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(a) Average Hourly Earnings of Production and Nonsupervisory Employees, Total Private, Dollars per Hour, Seasonally Adjusted (AHETPI)
Production and related employees include working supervisors and all nonsupervisory employees (including group leaders and trainees) engaged in fabricating, processing, assembling, inspecting, receiving, storing, handling, packing, warehousing, shipping, trucking, hauling, maintenance, repair, janitorial, guard services, product development, auxiliary production for plant's own use (for example, power plant), recordkeeping, and other services closely associated with the above production operations. #Nonsupervisory employees include those individuals in private, service-providing industries who are not above the working-supervisor level. This group includes individuals such as office and clerical workers, repairers, salespersons, operators, drivers, physicians, lawyers, accountants, nurses, social workers, research aides, teachers, drafters, photographers, beauticians, musicians, restaurant workers, custodial workers, attendants, line installers and repairers, laborers, janitors, guards, and other employees at similar occupational levels whose services are closely associated with those of the employees listed. The series comes from the 'Current Employment Statistics (Establishment Survey).' The source code is: CES0500000008

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(b) Personal Consumption Expenditures: Chain-type Price Index, Index 2017=100, Seasonally Adjusted (PCEPI)
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) (https://www.bea.gov/national/pdf/nipaguid.pdf) U.S. Bureau of Economic Analysis, Personal Consumption Expenditures Price Index (https://www.bea.gov/data/personal-consumption-expenditures-price-index) U.S. Bureau of Economic Analysis, Prices & Inflation (https://www.bea.gov/resources/learning-center/what-to-know-prices-inflation) U.S. Bureau of Labor Statistics, Differences between the Consumer Price Index and the Personal Consumption Expenditure Price Index (https://www.bls.gov/opub/btn/archive/differences-between-the-consumer-price-index-and-the-personal-consumption-expenditures-price-index.pdf)

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    Average Hourly Earnings of Production and Nonsupervisory Employees, Total Private/Personal Consumption Expenditures: Chain-type Price Index
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    Notes

    Average Hourly Earnings of Production and Nonsupervisory Employees, Total Private  (AHETPI)

    Source: U.S. Bureau of Labor Statistics  

    Release: Employment Situation  

    Units:  Dollars per Hour, Seasonally Adjusted

    Frequency:  Monthly

    Notes:

    Production and related employees include working supervisors and all nonsupervisory employees (including group leaders and trainees) engaged in fabricating, processing, assembling, inspecting, receiving, storing, handling, packing, warehousing, shipping, trucking, hauling, maintenance, repair, janitorial, guard services, product development, auxiliary production for plant's own use (for example, power plant), recordkeeping, and other services closely associated with the above production operations.
    #Nonsupervisory employees include those individuals in private, service-providing industries who are not above the working-supervisor level. This group includes individuals such as office and clerical workers, repairers, salespersons, operators, drivers, physicians, lawyers, accountants, nurses, social workers, research aides, teachers, drafters, photographers, beauticians, musicians, restaurant workers, custodial workers, attendants, line installers and repairers, laborers, janitors, guards, and other employees at similar occupational levels whose services are closely associated with those of the employees listed.

    The series comes from the 'Current Employment Statistics (Establishment Survey).'

    The source code is: CES0500000008

    Suggested Citation:

    U.S. Bureau of Labor Statistics, Average Hourly Earnings of Production and Nonsupervisory Employees, Total Private [AHETPI], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/AHETPI, March 31, 2025.

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

    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, March 31, 2025.

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    Personal Income and Outlays

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    Average Hourly Earnings of Production and Nonsupervisory Employees, Total Private

    Monthly, Not Seasonally Adjusted

    Personal Consumption Expenditures: Chain-type Price Index

    Annual, Not Seasonally Adjusted Quarterly, Seasonally Adjusted

    Related Categories

    Total Private Current Employment Statistics (Establishment Survey) Population, Employment, & Labor Markets Consumer Price Indexes (CPI and PCE) Prices Price Indexes & Deflators National Income & Product Accounts National Accounts

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    More Series from Employment Situation More Series from Personal Income and Outlays

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    Nonsupervisory Headline Figure Earnings Average Current Employment Statistics Survey (Establishment Survey) Hours Wages Production Private Employment Seasonally Adjusted Bureau of Labor Statistics Monthly Nation Public Domain: Citation Requested United States of America Chained Personal Consumption Expenditures Consumption Expenditures Consumption Personal National Income and Product Accounts Bureau of Economic Analysis Inflation Price Index Indexes Price

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