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Personal Consumption Expenditures - PCE
What does it mean?
Similar to CPI, PCE is a report (actually a part of the personal income report) put out by the Bureau of Economic Analysis of the Department of Commerce.
PCE is a measure of price changes in consumer goods and services. It consists of the actual and imputed expenditures of households, and includes data pertaining to durables, non-durables, and services.
In Other Words...
There are two broad indexes of consumer prices in the United States: the consumer price index (CPI) and the chain price index for personal consumption expenditures (PCEPI). The indexes are similar in many respects, but there are some important differences which can lead to large gaps between CPI and PCEPI inflation rates at times.
This is a fairly predictable report that has little impact on the markets.
Related Links
All about Inflation Tutorial - What causes inflation? How does it affect your investments and standard of living? This tutorial has the answers.
Related Terms
CPI | Deflation | Inflation | PPI | RPI
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