.comment-link {margin-left:.6em;}

Economy

Economic Data (USA)

Friday, January 27, 2023

PCE Price Index + Personal Income + Consumer Spending Report for December 2022

The Commerce Department's Bureau of Economic Analysis (BEA) released its report on The PCE Price Index, Consumer Spending and Personal Income for December 2022:

=============

Consumer Spending (Personal Consumption Expenditures)

Predicted: FLAT

  • Actual: -0.2%
  • Actual (2012 Chained* Dollars): -0.3%
=============

Personal Income

Predicted: +0.2
  • Actual: +0.2%
=============

  • Disposable Personal Income, Current Dollars: +0.3%
  • Disposable Personal Income (2012 Chained* Dollars): +0.2%

=============

The above highlighted percentages represent the month-to-month change in Consumer Spending (aka Personal Consumption Expenditures), Personal Income and Disposable Personal Income for the entire United States.

=============

Personal Consumption Expenditures (PCE) Price Index
Predicted: +0.1%
Actual: +0.1% 

  • Change from 12 months previous: +5.0%
=====================

Core PCE Price Index
( = PCE Price Index minus food and energy)
Predicted: 0.3%
Actual: +0.3%

  • Change from 12 months previous: +4.4%
=====================

The yellow-highlighted percentages represent the month-to-month change in the prices associated with domestic personal consumption.  The PCE Price Index is different from the Consumer Price Index (CPI) in that it is a very broad measure of the prices associated with domestic products and services, while the CPI measures a more limited fixed basket of goods and services.

The broad nature of the PCE Price Index is key to why it is the Federal Reserve's preferred measure of inflation.  The Federal Open Market Committee (FOMC) pays very close attention to it.

=====================

The "predicted" figures are what economists were expecting, while the "actual" figures are the true or real figure.


=====================

 =====================

*Chained dollars is a method of adjusting real dollar amounts for inflation over time, so as to allow comparison of figures from different years. The Commerce Department introduced the chained-dollar measure in 1996. Chained dollars generally reflect dollar figures computed with 2012 as the base year.

 

Labels: , , , , , , , , , , ,


--> www.FedPrimeRate.com Privacy Policy <--

>  SITEMAP  <

Thursday, January 12, 2023

Consumer Price Index (CPI) for December 2022

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for  December 2022:


=========================================

CPI During December 2022: 296.797

=========================================

Consumer Price Index, Headline

Predicted: FLAT
Actual: -0.307% (-0.914 points)

  • Change From 12 Months Previous: +6.454% (+17.995 points)


=========================================

Consumer Price Index, Minus Food and Energy (Core CPI)

Predicted: +0.1%
Actual: +0.171% (+0.513 points)

Change From 12 Months Previous: +5.708% (+16.205 points)


=========================================

The above, yellow-highlighted figures represent month-to-month change (not seasonally adjusted) in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

General categories that constitute the CPI are:

  • Healthcare
  • Housing
  • Clothing
  • Communications
  • Education
  • Transportation
  • Food and Beverages
  • Recreation
  • Miscellaneous Goods and Services (grooming expenses, etc.)

=========================================

CPI During December 2021: 278.802

=========================================

 

CHART: Consumer Price Index 12-Month Percentage Change December 2022 Update
CHART: Consumer Price Index
12-Month Percentage Change
December 2022 Update 

=========================================

 


=========================================

 

Labels: , , , , , , , ,


--> www.FedPrimeRate.com Privacy Policy <--

>  SITEMAP  <

bing

bing

www.FedPrimeRate.com
Entire Website © 2024 FedPrimeRate.comSM


This website is neither affiliated nor associated with The United States Federal Reserve
in any way. Information in this website is provided for educational purposes only. The owners
of this website make no warranties with respect to any and all content contained within this
website. Consult a financial professional before making important decisions related to any
investment or loan product, including, but not limited to, business loans, personal loans,
education loans, first or second mortgages, credit cards, car loans or any type of insurance.