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

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

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

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**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, July 23, 2018.

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