Federal Reserve Economic Data: Your trusted data source since 1991

  • Index 2017=100, Monthly, Seasonally Adjusted Jan 1959 to Jan 2024 (Feb 29)

    BEA Account Code: DPCCRG 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 car prices rise, car sales may decline while bicycle sales increase. 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 and excluding food and energy products, as above. The PCE price index less food excluding food and energy is used primarily for macroeconomic analysis and forecasting future values of the PCE price index. 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)

  • Percent Change from Preceding Period, Quarterly, Seasonally Adjusted Annual Rate Q2 1959 to Q4 2023 (10 hours ago)

    BEA Account Code: DPCCRV For more information about this series, please see http://www.bea.gov/national/.

  • Percent Change from Year Ago, Monthly, Seasonally Adjusted Jan 1978 to Jan 2024 (Feb 29)

    The Trimmed Mean PCE inflation rate produced by the Federal Reserve Bank of Dallas is an alternative measure of core inflation in the price index for personal consumption expenditures (PCE). The data series is calculated by the Dallas Fed, using data from the Bureau of Economic Analysis (BEA). Calculating the trimmed mean PCE inflation rate for a given month involves looking at the price changes for each of the individual components of personal consumption expenditures. The individual price changes are sorted in ascending order from “fell the most” to “rose the most,” and a certain fraction of the most extreme observations at both ends of the spectrum are thrown out or trimmed. The inflation rate is then calculated as a weighted average of the remaining components. The trimmed mean inflation rate is a proxy for true core PCE inflation rate. The resulting inflation measure has been shown to outperform the more conventional “excluding food and energy” measure as a gauge of core inflation.

  • Index 2017=100, Annual, Not Seasonally Adjusted 1929 to 2023 (10 hours ago)

    BEA Account Code: DPCCRG For more information about this series, please see http://www.bea.gov/national/.

  • Billions of Dollars, Monthly, Seasonally Adjusted Annual Rate Jan 1959 to Jan 2024 (Feb 29)

    BEA Account Code: DPCCRC For more information about this series, please see http://www.bea.gov/national/.

  • Percent Change from Preceding Period, Annual, Not Seasonally Adjusted 1930 to 2023 (Jan 25)

    BEA Account Code: DPCCRV For more information about this series, please see http://www.bea.gov/national/.

  • Fourth Quarter to Fourth Quarter Percent Change, Annual, Not Seasonally Adjusted 2024 to 2026 (Mar 20)

    Projections of personal consumption expenditures less food and energy (Core PCE) inflation rate are fourth quarter growth rates, that is, percentage changes from the fourth quarter of the prior year to the fourth quarter of the indicated year. Core PCE inflation rate is the percentage rates of change in the price index for personal consumption expenditures less food and energy. Each participant's projections are based on his or her assessment of appropriate monetary policy. The range for each variable in a given year includes all participants' projections, from lowest to highest, for that variable in the given year; the central tendencies exclude the three highest and three lowest projections for each year. This series represents the midpoint of the central tendency forecast's high and low values established by the Federal Open Market Committee. Digitized originals of this release can be found at https://fraser.stlouisfed.org/publication/?pid=677.

  • Fourth Quarter to Fourth Quarter Percent Change, Annual, Not Seasonally Adjusted 2024 to 2026 (Mar 20)

    Projections of personal consumption expenditures (PCE) inflation rate are fourth quarter growth rates, that is, percentage changes from the fourth quarter of the prior year to the fourth quarter of the indicated year. PCE inflation rate is the percentage rates of change in the price index for personal consumption expenditures (PCEPI). Each participant's projections are based on his or her assessment of appropriate monetary policy. The range for each variable in a given year includes all participants' projections, from lowest to highest, for that variable in the given year; the central tendencies exclude the three highest and three lowest projections for each year. This series represents the midpoint of the central tendency forecast's high and low values established by the Federal Open Market Committee. Digitized originals of this release can be found at https://fraser.stlouisfed.org/publication/?pid=677.

  • Percent Change from Preceding Period, Monthly, Seasonally Adjusted Feb 1959 to Jan 2024 (Feb 29)

    BEA Account Code: DPCCRAM A Guide to the National Income and Product Accounts of the United States (NIPA) - (http://www.bea.gov/national/pdf/nipaguid.pdf)

  • Index 2017=100, Quarterly, Seasonally Adjusted Q1 1959 to Q4 2023 (10 hours ago)

    BEA Account Code: DPCCRG The number of decimal places reported varies over time.

  • Fourth Quarter to Fourth Quarter Percent Change, Annual, Not Seasonally Adjusted 2024 to 2026 (Mar 20)

    Projections of personal consumption expenditures less food and energy (Core PCE) inflation rate are fourth quarter growth rates, that is, percentage changes from the fourth quarter of the prior year to the fourth quarter of the indicated year. Core PCE inflation rate is the percentage rates of change in the price index for personal consumption expenditures less food and energy. Each participant's projections are based on his or her assessment of appropriate monetary policy. The range for each variable in a given year includes all participants' projections, from lowest to highest, for that variable in the given year. This series represents the median value of the range forecast established by the Federal Open Market Committee. For each period, the median is the middle projection when the projections are arranged from lowest to highest. When the number of projections is even, the median is the average of the two middle projections. Digitized originals of this release can be found at https://fraser.stlouisfed.org/publication/?pid=677.

  • Index 2017=100, Monthly, Seasonally Adjusted Jan 1959 to Jan 2024 (Feb 29)

    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)

  • Index 2017=100, Monthly, Seasonally Adjusted Jan 1959 to Jan 2024 (Feb 29)

    BEA Account Code: IA001176 For more information about this series, please see please visit the Guide to the National Income and Product Accounts of the United States (NIPA) (https://www.bea.gov/resources/methodologies/nipa-handbook).

  • Index 2017=100, Monthly, Seasonally Adjusted Jan 1959 to Jan 2024 (Feb 29)

    BEA Account Code: IA001260 For more information about this series, please see please visit the Guide to the National Income and Product Accounts of the United States (NIPA) (https://www.bea.gov/resources/methodologies/nipa-handbook).

  • Fourth Quarter to Fourth Quarter Percent Change, Annual, Not Seasonally Adjusted 2024 to 2026 (Mar 20)

    Projections of personal consumption expenditures (PCE) inflation rate are fourth quarter growth rates, that is, percentage changes from the fourth quarter of the prior year to the fourth quarter of the indicated year. PCE inflation rate is the percentage rates of change in the price index for personal consumption expenditures (PCEPI). Each participant's projections are based on his or her assessment of appropriate monetary policy. The range for each variable in a given year includes all participants' projections, from lowest to highest, for that variable in the year. This series represents the median value of the range forecast established by the Federal Open Market Committee. For each period, the median is the middle projection when the projections are arranged from lowest to highest. When the number of projections is even, the median is the average of the two middle projections. Digitized originals of this release can be found at https://fraser.stlouisfed.org/publication/?pid=677.

  • Percent Change from Preceding Period, Monthly, Seasonally Adjusted Feb 1959 to Jan 2024 (Feb 29)

    BEA Account Code: DPCCRGM A Guide to the National Income and Product Accounts of the United States (NIPA) - (http://www.bea.gov/national/pdf/nipaguid.pdf)

  • Percent Change from Preceding Period, Monthly, Seasonally Adjusted Feb 1959 to Jan 2024 (Feb 29)

    BEA Account Code: PQ001260 For more information about this series, please see please visit the Guide to the National Income and Product Accounts of the United States (NIPA) (https://www.bea.gov/resources/methodologies/nipa-handbook).

  • Fourth Quarter to Fourth Quarter Percent Change, Annual, Not Seasonally Adjusted 2024 to 2026 (Mar 20)

    Projections of personal consumption expenditures less food and energy (Core PCE) inflation rate are fourth quarter growth rates, that is, percentage changes from the fourth quarter of the prior year to the fourth quarter of the indicated year. Core PCE inflation rate is the percentage rates of change in the price index for personal consumption expenditures less food and energy. Each participant's projections are based on his or her assessment of appropriate monetary policy. The range for each variable in a given year includes all participants' projections, from lowest to highest, for that variable in the given year; the central tendencies exclude the three highest and three lowest projections for each year. This series represents the high value of the central tendency forecast established by the Federal Open Market Committee. Digitized originals of this release can be found at https://fraser.stlouisfed.org/publication/?pid=677.

  • Index 2017=100, Monthly, Seasonally Adjusted Jan 1987 to Jan 2024 (Feb 29)

    BEA Account Code: DPCXRG For more information about this series, please see http://www.bea.gov/national/.

  • Percent Change from Preceding Period, Monthly, Seasonally Adjusted Feb 1959 to Jan 2024 (Feb 29)

    BEA Account Code: PP001260 For more information about this series, please see please visit the Guide to the National Income and Product Accounts of the United States (NIPA) (https://www.bea.gov/resources/methodologies/nipa-handbook).

  • Millions of Dollars, Monthly, Seasonally Adjusted Annual Rate Jan 1959 to Jan 2024 (Feb 29)

    BEA Account Code: LA001260 For more information about this series, please see please visit the Guide to the National Income and Product Accounts of the United States (NIPA) (https://www.bea.gov/resources/methodologies/nipa-handbook).

  • Fourth Quarter to Fourth Quarter Percent Change, Not Applicable, Not Seasonally Adjusted 2015-06-17 to 2024-03-20 (Mar 20)

    The longer-run projections are the rates of growth, inflation, unemployment, and federal funds rate to which a policymaker expects the economy to converge over time in the absence of further shocks and under appropriate monetary policy. Because appropriate monetary policy, by definition, is aimed at achieving the Federal Reserve's dual mandate of maximum employment and price stability in the longer run, policymakers' longer-run projections for economic growth and unemployment may be interpreted, respectively, as estimates of the economy's longer-run potential growth rate and the longer-run normal rate of unemployment; similarly, the longer-run projection of inflation is the rate of inflation which the FOMC judges to be most consistent with its dual mandate in the longer-term. Projections of personal consumption expenditures (PCE) inflation rate are fourth quarter growth rates, that is, percentage changes from the fourth quarter of the prior year to the fourth quarter of the indicated year. PCE inflation rate is the percentage rates of change in the price index for personal consumption expenditures (PCEPI). Each participant's projections are based on his or her assessment of appropriate monetary policy. The range for each variable in a given year includes all participants' projections, from lowest to highest, for that variable in the year. This series represents the median value of the range forecast established by the Federal Open Market Committee. For each period, the median is the middle projection when the projections are arranged from lowest to highest. When the number of projections is even, the median is the average of the two middle projections. Digitized originals of this release can be found at https://fraser.stlouisfed.org/publication/?pid=677.

  • Billions of Chained 2017 Dollars, Monthly, Seasonally Adjusted Annual Rate Jan 2007 to Jan 2024 (Feb 29)

    BEA Account Code: DPCCRX For more information about this series, please see http://www.bea.gov/national/.

  • Percent Change from Preceding Period, Quarterly, Seasonally Adjusted Annual Rate Q2 1959 to Q4 2023 (10 hours ago)

    BEA Account Code: DPCCRL For more information about this series, please see http://www.bea.gov/national/.

  • Percent Change from Preceding Period, Quarterly, Seasonally Adjusted Annual Rate Q2 1959 to Q4 2023 (10 hours ago)

    BEA Account Code: PB001176 For more information about this series, please see please visit the GDP release page (https://www.bea.gov/data/gdp/gross-domestic-product).

  • Percent Change from Preceding Period, Monthly, Seasonally Adjusted Feb 1987 to Jan 2024 (Feb 29)

    BEA Account Code: DPCXRGM A Guide to the National Income and Product Accounts of the United States (NIPA) - (http://www.bea.gov/national/pdf/nipaguid.pdf)

  • Percent Change from Preceding Period, Quarterly, Seasonally Adjusted Annual Rate Q2 1959 to Q4 2023 (Feb 28)

    BEA Account Code: PC001176 For more information about this series, please see please visit the GDP release page (https://www.bea.gov/data/gdp/gross-domestic-product).

  • Fourth Quarter to Fourth Quarter Percent Change, Not Applicable, Not Seasonally Adjusted 2009-02-18 to 2024-03-20 (Mar 20)

    The longer-run projections are the rates of growth, inflation, and unemployment to which a policymaker expects the economy to converge over time in the absence of further shocks and under appropriate monetary policy. Because appropriate monetary policy, by definition, is aimed at achieving the Federal Reserve's dual mandate of maximum employment and price stability in the longer run, policymakers' longer-run projections for economic growth and unemployment may be interpreted, respectively, as estimates of the economy's longer-run potential growth rate and the longer-run normal rate of unemployment; similarly, the longer-run projection of inflation is the rate of inflation which the FOMC judges to be most consistent with its dual mandate in the longer-term. Projections of personal consumption expenditures (PCE) inflation rate are fourth quarter growth rates, that is, percentage changes from the fourth quarter of the prior year to the fourth quarter of the indicated year. PCE inflation rate is the percentage rates of change in the price index for personal consumption expenditures (PCEPI). Each participant's projections are based on his or her assessment of appropriate monetary policy. The range for each variable in a given year includes all participants' projections, from lowest to highest, for that variable in the given year; the central tendencies exclude the three highest and three lowest projections for each year. This series represents the midpoint of the central tendency forecast's high and low values established by the Federal Open Market Committee. Digitized originals of this release can be found at https://fraser.stlouisfed.org/publication/?pid=677.

  • Millions of Chained 2017 Dollars, Monthly, Seasonally Adjusted Annual Rate Jan 2007 to Jan 2024 (Feb 29)

    BEA Account Code: LB001260 For more information about this series, please see please visit the Guide to the National Income and Product Accounts of the United States (NIPA) (https://www.bea.gov/resources/methodologies/nipa-handbook).

  • Fourth Quarter to Fourth Quarter Percent Change, Not Applicable, Not Seasonally Adjusted 2009-02-18 to 2024-03-20 (Mar 20)

    The longer-run projections are the rates of growth, inflation, and unemployment to which a policymaker expects the economy to converge over time in the absence of further shocks and under appropriate monetary policy. Because appropriate monetary policy, by definition, is aimed at achieving the Federal Reserve's dual mandate of maximum employment and price stability in the longer run, policymakers' longer-run projections for economic growth and unemployment may be interpreted, respectively, as estimates of the economy's longer-run potential growth rate and the longer-run normal rate of unemployment; similarly, the longer-run projection of inflation is the rate of inflation which the FOMC judges to be most consistent with its dual mandate in the longer-term. Projections of personal consumption expenditures (PCE) inflation rate are fourth-quarter growth rates, that is, percentage changes from the fourth quarter of the prior year to the fourth quarter of the indicated year. The PCE inflation rate is the percentage rates of change in the price index for personal consumption expenditures (PCEPI). Each participant's projections are based on his or her assessment of appropriate monetary policy. The range for each variable in a given year includes all participants' projections, from lowest to highest, for that variable in the given year; the central tendencies exclude the three highest and three lowest projections for each year. This series represents low value of the central tendency forecast established by the Federal Open Market Committee. Digitized originals of this release can be found at https://fraser.stlouisfed.org/publication/?pid=677.

  • Index 2017=100, Monthly, Seasonally Adjusted Jan 1959 to Jan 2024 (Feb 29)

    BEA Account Code: DPCCRA For more information about this series, please see http://www.bea.gov/national/.

  • Percent Change from Quarter One Year Ago, Quarterly, Seasonally Adjusted Q1 1988 to Q4 2023 (Jan 25)

    BEA Account Code: BPCXRO For more information about this series, please see http://www.bea.gov/national/.

  • Millions of Chained 2017 Dollars, Monthly, Seasonally Adjusted Annual Rate Jan 2007 to Jan 2024 (Feb 29)

    BEA Account Code: LB001176 For more information about this series, please see please visit the Guide to the National Income and Product Accounts of the United States (NIPA) (https://www.bea.gov/resources/methodologies/nipa-handbook).

  • Fourth Quarter to Fourth Quarter Percent Change, Annual, Not Seasonally Adjusted 2024 to 2026 (Mar 20)

    Projections of personal consumption expenditures less food and energy (Core PCE) inflation rate are fourth quarter growth rates, that is, percentage changes from the fourth quarter of the prior year to the fourth quarter of the indicated year. Core PCE inflation rate is the percentage rates of change in the price index for personal consumption expenditures less food and energy. Each participant's projections are based on his or her assessment of appropriate monetary policy. The range for each variable in a given year includes all participants' projections, from lowest to highest, for that variable in the given year; the central tendencies exclude the three highest and three lowest projections for each year. This series represents the low value of the central tendency forecast established by the Federal Open Market Committee. Digitized originals of this release can be found at https://fraser.stlouisfed.org/publication/?pid=677.

  • Fourth Quarter to Fourth Quarter Percent Change, Annual, Not Seasonally Adjusted 2024 to 2026 (Mar 20)

    Projections of personal consumption expenditures (PCE) inflation rate are fourth quarter growth rates, that is, percentage changes from the fourth quarter of the prior year to the fourth quarter of the indicated year. PCE inflation rate is the percentage rates of change in the price index for personal consumption expenditures (PCEPI). Each participant's projections are based on his or her assessment of appropriate monetary policy. The range for each variable in a given year includes all participants' projections, from lowest to highest, for that variable in the given year; the central tendencies exclude the three highest and three lowest projections for each year. This series represents the low value of the central tendency forecast established by the Federal Open Market Committee. Digitized originals of this release can be found at https://fraser.stlouisfed.org/publication/?pid=677.

  • Billions of Dollars, Monthly, Seasonally Adjusted Annual Rate Jan 1987 to Jan 2024 (Feb 29)

    BEA Account Code: DPCXRC For more information about this series, please see http://www.bea.gov/national/.

  • Index 2017=100, Monthly, Seasonally Adjusted Jan 1959 to Jan 2024 (Feb 29)

    BEA Account Code: IB001176 For more information about this series, please see please visit the Guide to the National Income and Product Accounts of the United States (NIPA) (https://www.bea.gov/resources/methodologies/nipa-handbook).

  • Percent Change from Preceding Period, Monthly, Seasonally Adjusted Feb 1959 to Jan 2024 (Feb 29)

    BEA Account Code: PP001176 For more information about this series, please see please visit the Guide to the National Income and Product Accounts of the United States (NIPA) (https://www.bea.gov/resources/methodologies/nipa-handbook).

  • Fourth Quarter to Fourth Quarter Percent Change, Annual, Not Seasonally Adjusted 2024 to 2026 (Mar 20)

    Projections of personal consumption expenditures less food and energy (Core PCE) inflation rate are fourth quarter growth rates, that is, percentage changes from the fourth quarter of the prior year to the fourth quarter of the indicated year. Core PCE inflation rate is the percentage rates of change in the price index for personal consumption expenditures less food and energy. Each participant's projections are based on his or her assessment of appropriate monetary policy. The range for each variable in a given year includes all participants' projections, from lowest to highest, for that variable in the given year. This series represents the high value of the range forecast established by the Federal Open Market Committee. Digitized originals of this release can be found at https://fraser.stlouisfed.org/publication/?pid=677.

  • Fourth Quarter to Fourth Quarter Percent Change, Annual, Not Seasonally Adjusted 2024 to 2026 (Mar 20)

    Projections of personal consumption expenditures less food and energy (Core PCE) inflation rate are fourth quarter growth rates, that is, percentage changes from the fourth quarter of the prior year to the fourth quarter of the indicated year. Core PCE inflation rate is the percentage rates of change in the price index for personal consumption expenditures less food and energy. Each participant's projections are based on his or her assessment of appropriate monetary policy. The range for each variable in a given year includes all participants' projections, from lowest to highest, for that variable in the given year. This series represents the low value of the range forecast established by the Federal Open Market Committee. Digitized originals of this release can be found at https://fraser.stlouisfed.org/publication/?pid=677.

  • Percent Change from Preceding Period, Monthly, Seasonally Adjusted Feb 1987 to Jan 2024 (Feb 29)

    BEA Account Code: DPCXRAM A Guide to the National Income and Product Accounts of the United States (NIPA) - (http://www.bea.gov/national/pdf/nipaguid.pdf)

  • Percent Change from Preceding Period, Quarterly, Seasonally Adjusted Annual Rate Q2 1987 to Q4 2023 (Jan 25)

    BEA Account Code: DPCXRV For more information about this series, please see http://www.bea.gov/national/.

  • Millions of Dollars, Monthly, Seasonally Adjusted Annual Rate Jan 1959 to Jan 2024 (Feb 29)

    BEA Account Code: LA001176 For more information about this series, please see please visit the Guide to the National Income and Product Accounts of the United States (NIPA) (https://www.bea.gov/resources/methodologies/nipa-handbook).

  • Percent Change from Preceding Period, Monthly, Seasonally Adjusted Feb 1959 to Jun 2015 (2015-08-05)

    This series has been discontinued and will no longer be updated. It was a duplicate of the following series, which will continue to be updated: https://fred.stlouisfed.org/series/DPCCRGM1M225SBEA BEA Account Code: DPCCRV1 Foror more information about this series, please see http://www.bea.gov/national/.

  • Percent Change from Preceding Period, Monthly, Seasonally Adjusted Feb 1959 to Jan 2024 (Feb 29)

    BEA Account Code: PQ001176 For more information about this series, please see please visit the Guide to the National Income and Product Accounts of the United States (NIPA) (https://www.bea.gov/resources/methodologies/nipa-handbook).

  • Index 2017=100, Monthly, Seasonally Adjusted Jan 1959 to Jan 2024 (Feb 29)

    BEA Account Code: IB001260 For more information about this series, please see please visit the Guide to the National Income and Product Accounts of the United States (NIPA) (https://www.bea.gov/resources/methodologies/nipa-handbook).

  • Index 2017=100, Monthly, Seasonally Adjusted Jan 1987 to Jan 2024 (Feb 29)

    BEA Account Code: DPCXRA For more information about this series, please see http://www.bea.gov/national/.

  • Fourth Quarter to Fourth Quarter Percent Change, Annual, Not Seasonally Adjusted 2024 to 2026 (Mar 20)

    Projections of personal consumption expenditures (PCE) inflation rate are fourth quarter growth rates, that is, percentage changes from the fourth quarter of the prior year to the fourth quarter of the indicated year. PCE inflation rate is the percentage rates of change in the price index for personal consumption expenditures (PCEPI). Each participant's projections are based on his or her assessment of appropriate monetary policy. The range for each variable in a given year includes all participants' projections, from lowest to highest, for that variable in the year. This series represents the low value of the range forecast established by the Federal Open Market Committee. Digitized originals of this release can be found at https://fraser.stlouisfed.org/publication/?pid=677.

  • Fourth Quarter to Fourth Quarter Percent Change, Annual, Not Seasonally Adjusted 2024 to 2026 (Mar 20)

    Projections of personal consumption expenditures (PCE) inflation rate are fourth-quarter growth rates, hat is, percentage changes from the fourth quarter of the prior year to the fourth quarter of the indicated year. The PCE inflation rate is the percentage rates of change in the price index for personal consumption expenditures (PCEPI). Each participant's projections are based on his or her assessment of appropriate monetary policy. The range for each variable in a given year includes all participants' projections, from lowest to highest, for that variable in the given year; the central tendencies exclude the three highest and three lowest projections for each year. This series represents the high value of the central tendency forecast established by the Federal Open Market Committee. Digitized originals of this release can be found at https://fraser.stlouisfed.org/publication/?pid=677.

  • Billions of Chained 2017 Dollars, Monthly, Seasonally Adjusted Annual Rate Jan 2007 to Jan 2024 (Feb 29)

    BEA Account Code: DPCXRX For more information about this series, please see http://www.bea.gov/national/.

  • Fourth Quarter to Fourth Quarter Percent Change, Not Applicable, Not Seasonally Adjusted 2009-02-18 to 2024-03-20 (Mar 20)

    The longer-run projections are the rates of growth, inflation, and unemployment to which a policymaker expects the economy to converge over time in the absence of further shocks and under appropriate monetary policy. Because appropriate monetary policy, by definition, is aimed at achieving the Federal Reserve's dual mandate of maximum employment and price stability in the longer run, policymakers' longer-run projections for economic growth and unemployment may be interpreted, respectively, as estimates of the economy's longer-run potential growth rate and the longer-run normal rate of unemployment; similarly, the longer-run projection of inflation is the rate of inflation which the FOMC judges to be most consistent with its dual mandate in the longer-term. Projections of personal consumption expenditures (PCE) inflation rate are fourth quarter growth rates, that is, percentage changes from the fourth quarter of the prior year to the fourth quarter of the indicated year. PCE inflation rate is the percentage rates of change in the price index for personal consumption expenditures (PCEPI). Each participant's projections are based on his or her assessment of appropriate monetary policy. The range for each variable in a given year includes all participants' projections, from lowest to highest, for that variable in the year. This series represents the low value of the range forecast established by the Federal Open Market Committee. Digitized originals of this release can be found at https://fraser.stlouisfed.org/publication/?pid=677.

  • Percentage Points at Annual Rate, Quarterly, Seasonally Adjusted Annual Rate Q2 1959 to Q4 2023 (10 hours ago)

    BEA Account Code: CB001260 For more information about this series, please see please visit the GDP release page (https://www.bea.gov/data/gdp/gross-domestic-product).

  • Fourth Quarter to Fourth Quarter Percent Change, Annual, Not Seasonally Adjusted 2024 to 2026 (Mar 20)

    Projections of personal consumption expenditures less food and energy (Core PCE) inflation rate are fourth quarter growth rates, that is, percentage changes from the fourth quarter of the prior year to the fourth quarter of the indicated year. Core PCE inflation rate is the percentage rates of change in the price index for personal consumption expenditures less food and energy. Each participant's projections are based on his or her assessment of appropriate monetary policy. The range for each variable in a given year includes all participants' projections, from lowest to highest, for that variable in the given year. This series represents the midpoint of the range forecast's high and low values established by the Federal Open Market Committee. Digitized originals of this release can be found at https://fraser.stlouisfed.org/publication/?pid=677.

  • Percent Change from Preceding Period, Monthly, Seasonally Adjusted Feb 1959 to Jun 2015 (2015-08-05)

    This series has been discontinued and will no longer be updated. It was a duplicate of the following series, which will continue to be updated: https://fred.stlouisfed.org/series/DPCCRAM1M225NBEA BEA Account Code: DPCCRL1 Foror more information about this series, please see http://www.bea.gov/national/.

  • Billions of Dollars, Quarterly, Seasonally Adjusted Annual Rate Q1 1987 to Q4 2023 (10 hours ago)

    BEA Account Code: DPCXRC For more information about this series, please see http://www.bea.gov/national/.

  • Percent Change from Preceding Period, Quarterly, Seasonally Adjusted Annual Rate Q2 1987 to Q4 2023 (10 hours ago)

    BEA Account Code: DPCXRL For more information about this series, please see http://www.bea.gov/national/.

  • Billions of Chained 2017 Dollars, Quarterly, Seasonally Adjusted Annual Rate Q1 2007 to Q4 2023 (10 hours ago)

    BEA Account Code: DPCXRX For more information about this series, please see http://www.bea.gov/national/.

  • Percent Change from Preceding Period, Monthly, Seasonally Adjusted Feb 1987 to Jun 2015 (2015-08-05)

    This series has been discontinued and will no longer be updated. It was a duplicate of the following series, which will continue to be updated: https://fred.stlouisfed.org/series/DPCXRAM1M225NBEA BEA Account Code: DPCXRL1 Foror more information about this series, please see http://www.bea.gov/national/.

  • Index 2017=100, Quarterly, Seasonally Adjusted Q1 1987 to Q4 2023 (10 hours ago)

    BEA Account Code: DPCXRG For more information about this series, please see http://www.bea.gov/national/.

  • Index 2017=100, Quarterly, Seasonally Adjusted Q1 1987 to Q4 2023 (10 hours ago)

    BEA Account Code: DPCXRA For more information about this series, please see http://www.bea.gov/national/.


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