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Economy

Economic Data (USA)

Friday, January 26, 2024

PCE Price Index + Personal Income + Consumer Spending Report for December 2023

The Commerce Department's Bureau of Economic Analysis (BEA) released its report on The PCE Price Index, Consumer Spending and Personal Income for December 2023:

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

Consumer Spending (Personal Consumption Expenditures)

Previous Reading (revised): +0.4%
  • Actual: +0.7%
  • Actual: (2017 Chained* Dollars): +0.5%
=============

Personal Income

Previous Reading: +0.4% (unrevised):
  • Actual: +0.3%
=============

  • Disposable Personal Income, Current Dollars: +0.3%
  • Disposable Personal Income (2017 Chained* Dollars): +0.1%

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

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
Previous Reading: -0.1%
Actual: +0.2% 

  • Change from 12 months previous: +2.6%
=====================

Core PCE Price Index
( = PCE Price Index minus food and energy)
Previous Reading: +0.1%
Actual: +0.2%

  • Change from 12 months previous: +2.9%
=====================

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.


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

 ===================== 

CHART: Disposable Personal Income, Outlays + Savings - December 2023 Update

CHART: Disposable Personal Income,
Outlays + Savings - December 2023 Update

   =====================

*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.

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Friday, December 22, 2023

PCE Price Index + Personal Income + Consumer Spending Report for November 2023

The Commerce Department's Bureau of Economic Analysis (BEA) released its report on The PCE Price Index, Consumer Spending and Personal Income for November 2023:

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

Consumer Spending (Personal Consumption Expenditures)

Previous Reading (unrevised): +0.1%
  • Actual: +0.2%
  • Actual: (2017 Chained* Dollars): +0.3%
=============

Personal Income

Previous Reading: +0.3% (revised):
  • Actual: +0.4%
=============

  • Disposable Personal Income, Current Dollars: +0.4%
  • Disposable Personal Income (2017 Chained* Dollars): +0.4%

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

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
Previous Reading: FLAT
Actual: -0.1% 

  • Change from 12 months previous: +2.6%
=====================

Core PCE Price Index
( = PCE Price Index minus food and energy)
Previous Reading: +0.1%
Actual: +0.1%

  • Change from 12 months previous: +3.2%
=====================

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.


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

 ===================== 

CHART: Disposable Personal Income, Outlays + Savings - November 2023 Update
CHART: Disposable Personal Income,
Outlays + Savings - November 2023 Update

   =====================

*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.

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Friday, December 01, 2023

PCE Price Index + Personal Income + Consumer Spending Report for October 2023

The Commerce Department's Bureau of Economic Analysis (BEA) released its report on The PCE Price Index, Consumer Spending and Personal Income for October 2023:

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

Consumer Spending (Personal Consumption Expenditures)

Previous Reading (unrevised): +0.7%
  • Actual: +0.2%
  • Actual: (2012 Chained* Dollars): +0.2%
=============

Personal Income

Previous Reading: +0.4% (revised):
  • Actual: +0.2%
=============

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

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

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
Previous Reading: +0.4%
Actual: FLAT 

  • Change from 12 months previous: +3.0%
=====================

Core PCE Price Index
( = PCE Price Index minus food and energy)
Previous Reading: +0.3%
Actual: +0.2%

  • Change from 12 months previous: +3.5%
=====================

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.


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

 ===================== 

CHART: Disposable Personal Income, Outlays + Savings - October 2023 Update

CHART: Disposable Personal Income,
Outlays + Savings - October 2023 Update

   =====================

*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.


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Saturday, October 28, 2023

PCE Price Index + Personal Income + Consumer Spending Report for September 2023

The Commerce Department's Bureau of Economic Analysis (BEA) released its report on The PCE Price Index, Consumer Spending and Personal Income for September 2023:

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

Consumer Spending (Personal Consumption Expenditures)

Previous Reading (unrevised): +0.4%
  • Actual: +0.7%
  • Actual: (2012 Chained* Dollars): +0.4%
=============

Personal Income

Previous Reading: +0.2
  • Actual: +0.3%
=============

  • Disposable Personal Income, Current Dollars: +0.3%
  • Disposable Personal Income (2012 Chained* Dollars): -0.1%

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

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
Previous Reading: +0.4%
Actual: +0.4% 

  • Change from 12 months previous: +3.4%
=====================

Core PCE Price Index
( = PCE Price Index minus food and energy)
Previous Reading: +0.2%
Actual: +0.3%

  • Change from 12 months previous: +3.7%
=====================

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.


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

 ===================== 

CHART: Disposable Personal Income, Outlays + Savings - September 2023 Update

CHART: Disposable Personal Income,
Outlays + Savings - September 2023 Update

   =====================

*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.

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Friday, September 29, 2023

PCE Price Index + Personal Income + Consumer Spending Report for August 2023

The Commerce Department's Bureau of Economic Analysis (BEA) released its report on The PCE Price Index, Consumer Spending and Personal Income for August 2023:

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

Consumer Spending (Personal Consumption Expenditures)

Previous Reading (revised): +0.9%
  • Actual: +0.4%
  • Actual: (2012 Chained* Dollars): +0.1%
=============

Personal Income

Previous Reading: +0.2
  • Actual: +0.4%
=============

  • Disposable Personal Income, Current Dollars: +0.2%
  • 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
Previous Reading: +0.2%
Actual: +0.4% 

  • Change from 12 months previous: +3.5%
=====================

Core PCE Price Index
( = PCE Price Index minus food and energy)
Previous Reading: +0.2%
Actual: +0.1%

  • Change from 12 months previous: +3.9%
=====================

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.


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

 ===================== 

CHART: Disposable Personal Income, Outlays + Savings - August 2023 Update

CHART: Disposable Personal Income,
Outlays + Savings - August 2023 Update

   =====================

*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.

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Thursday, August 31, 2023

PCE Price Index + Personal Income + Consumer Spending Report for July 2023

The Commerce Department's Bureau of Economic Analysis (BEA) released its report on The PCE Price Index, Consumer Spending and Personal Income for July 2023:

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

Consumer Spending (Personal Consumption Expenditures)

Predicted: +0.6%
  • Actual: +0.8%
  • Actual: (2012 Chained* Dollars): +0.6%
=============

Personal Income

Predicted: +0.3
  • Actual: +0.2%
=============

  • Disposable Personal Income, Current Dollars: FLAT
  • 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: +0.2%
Actual: +0.2% 

  • Change from 12 months previous: +3.3%
=====================

Core PCE Price Index
( = PCE Price Index minus food and energy)
Predicted: 0.2%
Actual: +0.2%

  • Change from 12 months previous: +4.2%
=====================

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.


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

 ===================== 


CHART: Disposable Personal Income, Outlays + Savings - July 2023 UPDATE
CHART: Disposable Personal Income,
Outlays + Savings - July 2023 Update

   =====================

*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.

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Friday, July 28, 2023

PCE Price Index + Personal Income + Consumer Spending Report for June 2023

The Commerce Department's Bureau of Economic Analysis (BEA) released its report on The PCE Price Index, Consumer Spending and Personal Income for June 2023:

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

Consumer Spending (Personal Consumption Expenditures)

Predicted: +0.5%
  • Actual: +0.5%
  • Actual: (2012 Chained* Dollars): +0.4%
=============

Personal Income

Predicted: +0.4
  • Actual: +0.3%
=============

  • 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: +0.2%
Actual: +0.2% 

  • Change from 12 months previous: +3.0%
=====================

Core PCE Price Index
( = PCE Price Index minus food and energy)
Predicted: 0.2%
Actual: +0.2%

  • Change from 12 months previous: +4.1%
=====================

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.

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Friday, June 30, 2023

PCE Price Index + Personal Income + Consumer Spending Report for May 2023

The Commerce Department's Bureau of Economic Analysis (BEA) released its report on The PCE Price Index, Consumer Spending and Personal Income for May 2023:

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

Consumer Spending (Personal Consumption Expenditures)

Predicted: +0.1%
  • Actual: +0.1%
  • Actual: (2012 Chained* Dollars): FLAT
=============

Personal Income

Predicted: +0.4
  • Actual: +0.4%
=============

  • Disposable Personal Income, Current Dollars: +0.4%
  • Disposable Personal Income (2012 Chained* Dollars): +0.3%

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

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: +3.8%
=====================

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

  • Change from 12 months previous: +4.6%
=====================

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.

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Friday, May 26, 2023

Chicago Fed National Activity Index (CFNAI) for April 2023

Federal Reserve Bank of Chicago released its National Activity Index (CFNAI) for April 2023:

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

Predicted: -0.20
  • Actual (CFNAI): +0.07

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

  • Previous Month (revised): -0.37
  • 3-Month Moving Average (CFNAI-MA3): -0.22
==================

The CFNAI is a weighted average of 85 indicators of growth in national economic activity drawn from four broad categories of data:

  • Production and income;
  • Employment, unemployment, and hours;
  • Personal consumption and housing; and
  • Sales, orders, and inventories.

The "predicted" figure is what economists were expecting, while the yellow-highlighted figure is what was reported.

==================
 
CHART: CFNAI-MA3 with Inflation Cycles - April 2023 Update

 CHART: CFNAI-MA3 with Inflation Cycles
April 2023 Update

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


Understanding The CFNAI:

A zero value for the monthly index has been associated with the national economy expanding at its historical trend (average) rate of growth; negative values with below-average growth (in standard deviation units); and positive values with above-average growth.

Periods of economic expansion have historically been associated with values of the CFNAI-MA3 above -0.70 and the CFNAI Diffusion Index above -0.35. Conversely, periods of economic contraction have historically been associated with values of the CFNAI-MA3 below -0.70 and the CFNAI Diffusion Index below -0.35.

An increasing likelihood of a period of sustained increasing inflation has historically been associated with values of the CFNAI-MA3 above +0.70 more than two years into an economic expansion. Similarly, a substantial likelihood of a period of sustained increasing inflation has historically been associated with values of the CFNAI-MA3 above +1.00 more than two years into an economic expansion.

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



==================
 

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PCE Price Index + Personal Income + Consumer Spending Report for April 2023

The Commerce Department's Bureau of Economic Analysis (BEA) released its report on The PCE Price Index, Consumer Spending and Personal Income for April 2023:

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

Consumer Spending (Personal Consumption Expenditures)

Predicted: +0.5%
  • Actual: +0.8%
  • Actual: (2012 Chained* Dollars): +0.5%
=============

Personal Income

Predicted: +0.4
  • Actual: +0.4%
=============

  • Disposable Personal Income, Current Dollars: +0.4%
  • Disposable Personal Income (2012 Chained* Dollars): FLAT

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

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: +0.3%
Actual: +0.4% 

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

Core PCE Price Index
( = PCE Price Index minus food and energy)
Predicted: 0.3%
Actual: +0.4%

  • Change from 12 months previous: +4.7%
=====================

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.

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Friday, April 28, 2023

PCE Price Index + Personal Income + Consumer Spending Report for March 2023

The Commerce Department's Bureau of Economic Analysis (BEA) released its report on The PCE Price Index, Consumer Spending and Personal Income for March 2023:

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

Consumer Spending (Personal Consumption Expenditures)

Predicted: FLAT
  • Actual: FLAT
  • Actual: (2012 Chained* Dollars): FLAT
=============

Personal Income

Predicted: +0.3
  • Actual: +0.3%
=============

  • Disposable Personal Income, Current Dollars: +0.4%
  • Disposable Personal Income (2012 Chained* Dollars): +0.3%

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

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: +0.2%
Actual: +0.1% 

  • Change from 12 months previous: +4.2%
=====================

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

  • Change from 12 months previous: +4.6%
=====================

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.

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Friday, March 31, 2023

PCE Price Index + Personal Income + Consumer Spending Report for February 2023

The Commerce Department's Bureau of Economic Analysis (BEA) released its report on The PCE Price Index, Consumer Spending and Personal Income for February 2023:

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

Consumer Spending (Personal Consumption Expenditures)

Predicted: +0.2%
  • Actual: +0.2%
  • Actual (2012 Chained* Dollars): -0.1%
=============

Personal Income

Predicted: +0.3
  • Actual: +0.3%
=============

  • Disposable Personal Income, Current Dollars: +0.5%
  • 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: +0.3%
Actual: +0.3% 

  • 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: +4.6%
=====================

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.


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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.

 

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Saturday, December 24, 2022

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

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

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

Consumer Spending (Personal Consumption Expenditures)

Predicted: +0.2

  • Actual: +0.1%
  • Actual (2012 Chained* Dollars): FLAT
=============

Personal Income

Predicted: +0.4
  • Actual: +0.4%
=============

  • Disposable Personal Income, Current Dollars: +0.4%
  • Disposable Personal Income (2012 Chained* Dollars): +0.3%

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

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: +0.2%
Actual: +0.1% 

  • Change from 12 months previous: +5.5%
=====================

Core PCE Price Index
( = PCE Price Index minus food and energy)
Predicted: 0.3%
Actual: +0.2%

  • Change from 12 months previous: +4.7%
=====================

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.

 

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Thursday, December 01, 2022

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

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

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

Consumer Spending (Personal Consumption Expenditures)

Predicted: +0.8

  • Actual: +0.8%
  • Actual (2012 Chained* Dollars): +0.5%
=============

Personal Income

Predicted: +0.5
  • Actual: +0.7%
=============

  • Disposable Personal Income, Current Dollars: +0.7%
  • Disposable Personal Income (2012 Chained* Dollars): +0.4%

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

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: +0.3%
Actual: +0.3% 

  • Change from 12 months previous: +6.0%
=====================

Core PCE Price Index
( = PCE Price Index minus food and energy)
Predicted: 0.5%
Actual: +0.2%

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

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.

 

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>  SITEMAP  <

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