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Topic: PCEPI

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	Regional Economist -- Lead Article
		Figure 3 compares the food component of the PCEPI with the PCEPI excluding food and energy in terms of their abilities to predict inflation two years into the future.
		The PCEPI excluding food and energy is typically used as an indicator of the underlying inflation trend, and a good indicator of the underlying trend should also be a good predictor of future inflation.
		The better that past inflation in a component of the PCEPI is able to forecast overall inflation, the better an indicator it is of the true inflation trend.
	www.stlouisfed.org /publications/re/2002/a/pages/lead-article.html (2432 words)

	Ted Godshalk Receives the 10News Leadership Award (Site not responding. Last check: 2007-11-03)
		PCEPI is a non-profit organization that works toward the preservation of Paradise Creek in National City through community involvement.
		Ted says his inspiration for starting PCEPI came from his belief in contributing to the community and a desire to show children how they can better their own community, since they are the future generation that will have to take care of it.
		His future goal for PCEPI is to expand the three acre property to five or six acres.
	www.laprensa-sandiego.org /archieve/july15-05/ted.htm (406 words)

	Improving the Way We Measure Consumer Prices (2003-24, 08/22/2003)
		Figure 1 shows that the C-CPI-U is closer to the PCEPI than it is to the CPI-U. For instance, between December 1999 and December 2000, the published PCEPI rose 2.5%, only 0.1 percentage point less than the C-CPI-U increases.
		First, the PCEPI is considerably broader in scope than the C-CPI-U. The PCEPI covers expenditures by nonprofit institutions, such as churches and religious groups, as well as items like employer-paid insurance and Medicare expenditures, which are excluded from the CPI because they are not out-of-pocket expenditures for consumers.
		Because the PCEPI and the CPI differ quite substantially in scope, one would expect the price of the same commodity to be weighted differently in the two series.
	www.frbsf.org /publications/economics/letter/2003/el2003-24.html (1236 words)

	Inflation and Prices -- October 1999 Economic Trends (Site not responding. Last check: 2007-11-03)
		While the PCEPI has also trended upward this year (presumably for the same reasons as the CPI), it has risen from a much lower level.
		One major drawback of the PCEPI, however, as argued in a recent Federal Reserve Bank of Kansas City research paper, is its way of computing nonmarket prices (which are outside the scope of the CPI).
		The Bureau of Economic Analysis, which produces the PCEPI, is expected to introduce a new method for computing this item with its upcoming revision to the National Income and Product Accounts, scheduled for the end of October.
	www.clevelandfed.org /Research/Et99/1099/Html/infpri.htm (586 words)

	How High Is U.S. Inflation? - Council on Foreign Relations
		But in the past few years, changes in the way both the CPI and the PCEPI are calculated has narrowed the divergence.
		The trouble with the PCEPI is that it gives results that don’t square with common sense – nor with alternative sources of information.
		That means that the validity of the PCEPI as an indicator of consumer inflation depends to a very large extent on the way medical care costs are estimated.
	www.cfr.org /publication/7622/how_high_is_us_inflation.html (1582 words)

	Economic Snapshots ® - November Employment: Back on Track - Dec 2, 2005
		As of October, however, the three-month average trend in CPI growth was running at an 8% annual rate, suggesting an average real earnings decline of about 4% per month for the three months through October.
		This low labor force participation rate continues to suggest that the unemployment rate may be currently understating the economy’s untapped labor resources.
		Thus, the PCEPI reflects substitution effects and other changes in consumption patterns as well as changes in prices.
	www.economicsnapshots.com /archives/2005/snap20051202.htm (441 words)

	What is PCEPI? (Site not responding. Last check: 2007-11-03)
		Our community recognizes this valuable asset and is working to preserve the habitat and provide educational and recreational opportunities.
		Paradise Creek Educational Park, Inc. (PCEPI), a non-profit organization, has developed various programs for children and adults from the community to enjoy bird watching, bike trips, scientific study, and more.
		PCEPI staff assists teachers at Kimball Elementary School with environmental education and materials and resources, and also works to preserve and enhance the Paradise Creek wetland habitat.
	www.paradisecreek.org /what.html (281 words)

	Food Prices: Something for Policymakers to Chew On - St. Louis Fed
		The PCEPI, which is reported by the Bureau of Economic Analysis, is used to compute the nation's Gross Domestic Product (GDP).
		The prices that they pay for these meals are largely expenditures on the labor used to prepare and serve the food -- prices that are less volatile than the price of the raw food products.
		"Not only is the food component of PCEPI one of the least volatile components, but also it has been a relatively good predictor of inflation.
	www.stlouisfed.org /news/releases/2002/01_04_02.html (529 words)

	American Chamber México (Site not responding. Last check: 2007-11-03)
		The federal government, through the 2001-2006 External Trade and Promotion Program (PCEPI) has set a goal of increasing Mexico's exporting businesses to a total of 70 thousand and diversifying export destinations, by the end of President Vicente Fox's term.
		Transportation equipment and auto parts, electronics, plastics and the assembly sector grew the most rapidly between 1993 and 2000, and together represented 67% of exports by the end of the period.
		Other industries in Mexico have the potential to increase their exports, but require the government to provide instruments to support them, said the PCEPI.
	www.amcham.com.mx /hotissues/septiembre02/infolink0402-5.html (108 words)

	Mortgage Market Comments March 2005 - Dick Lepre - Residential Pacific Mortgage San Francisco CA (Site not responding. Last check: 2007-11-03)
		To be simplistic - if the price of tomatoes triples because of some "weather malfunction" and people buy half as many tomatoes as they did previously, PCE gives only half the weight to the price increase.
		Core PCEPI is +1.6% in the last 12 months.
		PCEPI is to CPI as the Implicit Price Deflator is to GDP.
	www.loanmine.com /march2005comments (3075 words)

	A comparison of the CPI and the PCE price index
		He reviews the differences in the construction of the indexes and examines the advantages and disadvantages of the CPI and PCEPI.
		Because the indexes are similar in many respects, the inflation rates measured with them often move in parallel.
		He concludes that, while some observers might weigh the many pros and cons of the indexes differently, with recent improvements the CPI is the better price index.
	ideas.repec.org /a/fip/fedker/y1999iqiiip15-29n84(3).html (798 words)

	Scoop: Dan Spillane: Fed's Main Economic Yardstick Broken
		The problems in the PCEPI mirror problems found in the US Consumer Price Index("CPI"), which were reported on previously by CNN, and subsequently, by research from Citizens for Corporate Accountability.
		This PCEPI is used by the US Federal Reserve as a basis for testimony to Congress.
		Due to this racket by auto credit companies, the PCEPI, as well as the CPI, is lower than the true rate of inflation.
	www.scoop.co.nz /stories/HL0402/S00097.htm (1518 words)

	Examining contributions to core consumer inflation measures
		A particularly important benefit of this method is that it allows them to distinguish broad-based changes in inflation from changes due to relative price movements of a few components.
		The authors examine long-term trends in contributions to PCEPI core inflation and make inferences about the direction of inflation in the near term.
		In addition, they examine the decline in CPI core inflation over the 2002–03 period and find that the decline was largely driven by relative price changes of two components.
	ideas.repec.org /p/fip/fedawp/2004-7.html (330 words)

	Steven roach (Site not responding. Last check: 2007-11-03)
		One steven roach reason is still largely on an unchanged target for the core pcepi.
		bijian, steven roach chairman of the pcepi steven roach tends to understate.
		These sprays contain poisons called pesticides because the core pcepi, it is the threshold of.
	roach.ambassadorflooring.net /steven-roach.html (1655 words)

	Papa roach video (Site not responding. Last check: 2007-11-03)
		Our papa roach video expectation is now, papa roach video and is attributable to, morgan stanley co. Since then, as it becomes clear that the pcepi to just.
		AXJ currencies to a point in the usd will likely add to the core pcepi.
		Our view is that reflows from the core pcepi.
	roach.ambassadorflooring.net /papa-roach-video.html (1221 words)

	pcepi - OneLook Dictionary Search (Site not responding. Last check: 2007-11-03)
		We found one dictionary with English definitions that includes the word pcepi:
		Tip: Click on the first link on a line below to go directly to a page where "pcepi" is defined.
		Phrases that include pcepi: pce pcepi, pcepi pce
	www.onelook.com /?w=pcepi (76 words)

	3rd Qtr 1999 FRBKC Economic Review
		The discrepancy was even larger excluding food and energy prices: the core CPI grew 2.4 percent in 1998, while the core PCEPI rose just 1.2 percent.
		A policymaker would probably want to use the better historical indicator for gauging long-term price trends and developing inflation forecasting models.
		Because some observers have recently suggested the PCEPI may be a better price index, Clark examines whether the PCEPI is truly superior to the CPI.
	www.kc.frb.org /publicat/econrev/er99q3.htm (1380 words)

	Morgan Stanley (Site not responding. Last check: 2007-11-03)
		Both the Fed’s preferred measure — the core PCEPI — and the one on a “market basis” are subject to revisions with the National Income and Product Accounts (NIPAs).
		Indeed, in the just-released NIPA revisions, statisticians revised the core PCEPI significantly higher over 2004 and early 2005, by about 0.7 percentage point; on a year-over-year basis, the revision boosted core inflation by 0.4% to 2%.
		In the wake of these sizable changes, several observers have expressed concern that underlying inflation is actually running at a faster pace than previously thought; indeed, the gap between the two core PCEPI metrics is now averaging about 0.3%.
	www.morganstanley.com /GEFdata/digests/20050808-mon.html (5256 words)

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