Release: St. Louis Fed Price Pressures Measures
This series measures the probability that the expected personal consumption expenditures price index (PCEPI) inflation rate (12-month percent changes) over the next 12 months will range between 1.5 and 2.5 percent.
For additional information on the Price Pressures Measure and its construction, see “Introducing the St. Louis Fed Price Pressures Measure”.
As of February 3, 2020, the Emerging and Developing Asia and Western Hemisphere Consumer Prices Indexes have been replaced with Asia/Pacific Rim and Latin America Consumer Price Indexes respectively. These changes were made to facilitate a more timely updating of the PPM. Switching the Consumer Prices Indexes produced no meaningful change in the PPM series.
Federal Reserve Bank of St. Louis, Inflation Between 1.5 and 2.5 Percent [STLPPMMID], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/STLPPMMID, January 21, 2021.