Categories > Prices > Consumer Price Indexes (CPI and PCE)

# FOMC Summary of Economic Projections for the Personal Consumption Expenditures Inflation Rate, Median (PCECTPIMD)

Observation:

2020: 2.0 (+ more)Updated: Sep 20, 2017

2020: | 2.0 | |

2019: | 2.0 | |

2018: | 1.9 | |

2017: | 1.6 | |

View All |

Units:

Fourth Quarter to Fourth Quarter Percent Change,Not Seasonally Adjusted

Frequency:

AnnualDigitized originals of this release can be found at https://fraser.stlouisfed.org/publication/?pid=677.

FOMC Summary of Economic Projections for the Personal Consumption Expenditures Inflation Rate, Median

**Enter date as YYYY-MM-DD**

#### Customize data:

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.

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.

**Enter date as YYYY-MM-DD**

#### Add data series to graph:

**Data in this graph are copyrighted. Please review the copyright information in the series notes before sharing.**

**Source:**
Federal Reserve Bank of St. Louis

**Source:**
U.S. Federal Open Market Committee

**Release:**
Summary of Economic Projections

**Units:**
Fourth Quarter to Fourth Quarter Percent Change, Not Seasonally Adjusted

**Frequency:**
Annual

#### Notes:

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.

#### Suggested Citation:

Federal Reserve Bank of St. Louis and U.S. Federal Open Market Committee, FOMC Summary of Economic Projections for the Personal Consumption Expenditures Inflation Rate, Median [PCECTPIMD], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/PCECTPIMD, October 16, 2017.

## Related Resources

## Related Categories

## Sources

## Releases

## Tags

### Confirm Delete

Are you sure you want to remove this series from the graph? This can not be undone.