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Topic: Personal consumption expenditures price index

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Implicit Price Deflator for Personal Consumption Expenditures

Household final consumption expenditure prices

Consumer Price Index

National Income and Product Accounts

Inflation

Bureau of Labor Statistics

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	Inflation - Facts, Information, and Encyclopedia Reference article
		Price rises, or inflation also ensued following an increase in the supply of coins due to debasement of the coinage, the practice of mixing other metals with the gold, in order to increase the supply.
		The Cost of Living Index or CLI is the theoretical increase in the cost of living of an individual, which Consumer Price Indexes are supposed to approximate.
		Many prices are "sticky downward" and tend to creep upward, so that efforts to attain a zero inflation rate (a constant price level) punish other sectors with falling prices, profits, and employment.
	www.startsurfing.com /encyclopedia/i/n/f/Inflation.html (4798 words)

	South-Western EconNews
		The Commerce Department reported a decline of 0.4 percent for the third quarter at an annual rate for personal consumption expenditures; this is the first quarterly decline since 1954.
		The PCE minus expenditures for food and energy, the core PCE, is an economic series to which many economists, especially Alan Greenspan, chairman of the Federal Reserve, pay close attention.
		Although prices typically decline during recession, widespread price declines have not occurred in the seven recessions since 1954.
	www.swlearning.com /economics/econ_news/and_now_1201.html (443 words)

	What is "core inflation," and why do economists use it instead of overall or general inflation to track ...
		However, although the prices of those goods may frequently increase or decrease at rapid rates, the price disturbances may not be related to a trend change in the economy’s overall price level.
		However, the annual change in all prices, shown as the blue line, was narrow, ranging from a low of 1 percent to a high of 6 percent, while the annual changes in energy prices were much larger, ranging from a low of nearly -20 percent to a high of nearly 24 percent.
		Personal Consumption Expenditures is measured by the Bureau of Economic Analysis (http://www.bea.gov)
	www.frbsf.org /education/activities/drecon/2004/0410.html (1247 words)

	Detailed Report
		The personal consumption expenditures price index rose a mild 0.1 percent in the month and is up only 2.0 percent year-on-year.
		Personal consumption expenditures were unchanged in August but could increase sharply in September based on the healthy rise in September retail sales.
		Personal consumption expenditures tend to be less volatile than retail sales because services, a large and stable component, are included.
	www.econoday.com /client-demos/demoweekly/2004/November/01/pio.html (469 words)

	[No title] (Site not responding. Last check: 2007-10-14)
		The acceleration in this price index reflects the impact of a first-quarter pay raise for federal civilian and military personnel, which is treated as an increase in the price of employee services purchased by the federal government, and a sharp acceleration in energy prices.
		Personal income is also equal to national income less corporate profits with inventory valuation and capital consumption adjustments, net interest, contributions for social insurance, and wage accruals less disbursements, plus personal interest income, personal dividend income, government transfer payments to persons, and business transfer payments to persons.
		Chain-type quantity and price indexes for GDP and its major components are presented in this release as index numbers in table 5 and in the form of percentage changes from the preceding period in tables 1, 4, 6A, and 6B.
	www.tulipsandbears.com.cob-web.org:8888 /economy/gdp.htm (7700 words)

	Oil Price Shocks and Inflation (2005-28, 10/28/2005)
		Oil prices have risen sharply over the last year, leading to concerns that we could see a repeat of the 1970s, when rising oil prices were accompanied by severe recessions and surging inflation.
		Figure 1 plots the price of oil relative to the core personal consumption expenditures price index (PCEPI) together with the core PCEPI inflation rate.
		His model used the rate of change of oil prices, the unemployment gap (which is the prevailing unemployment rate relative to a benchmark known as the natural rate of unemployment) and lagged inflation to predict core PCE inflation.
	www.frbsf.org /publications/economics/letter/2005/el2005-28.html (1833 words)

	Price index - Wikipedia, the free encyclopedia
		A price index is any single number calculated from an array of prices and quantities over a period.
		Most price indexes are normalized to a value of 100 in the base year(s), to indicate the percentage level of the price index in each year relative to the base year.
		So a price-index value of 110 for a given year means that the price index is 10 percent higher in that year than the base year.
	en.wikipedia.org /wiki/Price_index (398 words)

	Personal consumption expenditures price index (via CobWeb/3.1 planetlab2.netlab.uky.edu) (Site not responding. Last check: 2007-10-14)
		The PCE price index ('''PCEPI''') (or PCE deflator, PCE price deflator, Implicit Price Deflator for Personal Consumption Expenditures ('''IPD for PCE''') (by the Bureau of Economic Analysis) or the chain-type price index for Personal consumption expenditures ('''CTPIPCE''') (by the FOMC)) is a nation-wide indicator of the average increase in prices for all domestic Personal consumption.
		The less volatile measure of the PCE price index is the core PCE price index which excludes the more volatile and seasonal food and energy prices.
		In its "Monetary Policy Report to the Congress" ("Humphrey-Hawkins Report") from February 17, 2000 the FOMC said it was changing its primary measure of inflation from the consumer price index to the "chain-type price index for Personal consumption expenditures" (http://www.federalreserve.gov.cob-web.org:8888/boarddocs/hh/).
	personal-consumption-expenditures-price-index.iqnaut.net.cob-web.org:8888 (324 words)

	RTE Business - US consumer prices rise 0.2% in June
		The prices paid component of the index, which measures inflationary pressures within the sector, rose to 78.5 from 76.5 in June.
		Overall inflation, as measured by a price index for consumer spending, rose 0.2% in June as consumers enjoyed a respite after several months in which energy prices shot higher.
		Traders said given that there are some inflationary concerns arising from the consumer prices index, the ISM numbers are going to add to the concern.
	www.rte.ie /business/2006/0801/usa.html (273 words)

	FAQ: What is the "market-based" PCE price index?
		Specifically, the price index provides a measure of the prices paid by persons for domestic purchases of goods and services, which may be a useful measure of consumer prices for some analytical purposes.
		The index is composed of PCE components that are deflated by either a detailed consumer price index (CPI) or a producer price index.
		Two price indexes are prepared: An overall market- based PCE measure and a market-based PCE measure that excludes food and energy.
	www.bea.gov /bea/faq/national/markbsdPCE.htm (288 words)

	U.S. Economy: National Update - Expand Your Insight - FRB Dallas
		Core inflation as measured by the Consumer Price Index (CPI) remains significantly higher than that as measured by the personal consumption expenditures (PCE) price index.
		The index had fallen in each of the five preceding months, with a cumulative decline of 1.3 percent.
		The core PCE price index rose at annualized rates of 1.7 percent in September, 1.5 percent in October and 1.4 percent in November.
	www.dallasfed.org /eyi/usecon/archived/0412update.html (588 words)

	Regional Economist -- Lead Article
		The prices that consumers pay for these meals are largely expenditures on the labor used to prepare and serve the food.
		Using past inflation in the price of food and the PCEPI excluding food and energy as a prediction for overall inflation in the next two years, we see that past food prices have been a better forecast of future overall inflation than the PCEPI excluding food and energy.
		Comparing the past year's inflation in food prices to the prices of other components that comprise the PCEPI (as in Table 1), we find that the food component still ranks the best among them all.
	stlouisfed.org /publications/re/2002/a/pages/lead-article.html (2432 words)

	Fed switches focus to deflation / Greenspan says tools are available
		Now though, with prices rising at their slowest pace in four decades, Fed policymakers have turned their attention to the opposite threat -- the possibility that prices could rise too slowly or actually fall for an extended period, a condition known as deflation.
		Prices are climbing at a snail's pace, 1.5 percent annually, according to the Personal Consumption Expenditures Price Index, an obscure Commerce Department measure that is Fed Chairman Alan Greenspan's favorite inflation yardstick.
		A relatively moderate bout of deflation, in which prices have fallen about 1 percent per year, is one of the things that has transformed Japan from a powerhouse into an enfeebled and demoralized player on the world economic stage.
	www.sfgate.com /cgi-bin/article.cgi?f=/c/a/2002/12/29/BU243126.DTL (1113 words)

	RTE Business - Rebuilding fuels strong US growth
		Prices remained in check, with the core personal consumption expenditures price index that the Federal Reserve favours rising by 2%, compared with 2.4% in the fourth quarter.
		The first-quarter surge in GDP was partly fuelled by rebuilding in the hurricane-battered Gulf Coast region.
		Personal consumption spending, which fuels two-thirds of national economic activity, grew at a 5.2% annual rate in the first quarter, down from the 5.5% reported a month ago.
	www.rte.ie /business/2006/0525/usa.html (317 words)

	SVB Investment Strategy Outlook
		The market is already priced for a quarter point increase to 1.25 percent, after the Fed concludes a two-day policy meeting on Wednesday.
		In addition, declines in the Consumer Price Index have been found to be 70 percent, explained by rents and used-car prices - both heavily influenced by low rates.
		Personal spending was up a surprising 1.0 percent in May, according to the Commerce Department.
	www.svb.com /media/iso/iso062804.html (1812 words)

	Untitled Document (Site not responding. Last check: 2007-10-14)
		The PCE (Personal Consumption Expenditures) price index is one alternative to the CPI.
		The PPI (Producer Price Index) is another alternative to the CPI.
		PCE price index is reported on a quarterly basis, which is nearly one month after the end of the reference quarter.
	www.dickinson.edu /~rossb/alternativestothecpi.htm (398 words)

	Thornburg Portfolio Managers Market Commentary
		The Russell 2000 Index is an unmanaged index generally representative of the 2,000 smallest companies in the Russell 3000 Index, which represents approximately 10% of the total market capitalization of the Russell 3000 Index.
		The Personal Consumption Expenditures Price Index (PCEPI) is a nation-wide indicator of the average increase in prices for all domestic personal consumption.
		Using the Consumer Price Index as a guide, the value of the principal is adjusted to reflect the effects of inflation.
	www.thornburginvestments.com /research/mkt_comm.asp (6153 words)

	Food Prices: Something for Policymakers to Chew On - St. Louis Fed
		Food Prices: Something For Policymakers to Chew On LOUIS -- Putting food costs back into the price index might give policymakers a better handle on the underlying trends in inflation, argue two researchers at the Federal Reserve Bank of St. Louis.
		This was done because the '70s had highly volatile food prices, followed soon afterward by a rapid rise in the prices of energy products such as gas oil.
		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.
	www.stls.frb.org /news/releases/2002/01_04_02.html (529 words)

	Interest Rate Roundup
		While the prices paid index dropped (to 20.6 from 26.7), the prices received index rose (to 9.9 from 5.7).
		The index measuring expectations for input prices six months in the future jumped to a five-month high of 40.8.
		The overall index dipped to 32 in December from 33 in November.
	interestrateroundup.blogspot.com (2593 words)

	Home mortgage uk
		It's called the personal consumption expenditures price index rose 0.2 percent in june, a strong gain.
		It's called the personal consumption expenditures price index rose 0.2 percent in june, a strong mortgage broker licensing gain.
		Personal income was up at a 4.1 percent annual rate, and core pce (excluding food and energy) was up 2.9 compare second mortgage rate percent.
	ywrxbvqepyitdzfx.tripod.com (3430 words)

	Best of Mogambo Guru (Site not responding. Last check: 2007-10-14)
		We read "The Personal Consumption Expenditures price Index, a measure of inflation watched by Greenspan and other policy makers and tied to spending, rose at a 3.2 percent annual pace, the fastest in three years.
		And remember also that prices are chained, and the inflation measure carries around with it all those low inflation costs from months and months ago.
		So they ignore higher prices, bringing us back, once again, to their official announcement that prices are not going up, even though prices are going up.
	www.investmentrarities.com /bestofmg05-06-04.htm (855 words)

	Inflation (via CobWeb/3.1 planetlab2.netlab.uky.edu) (Site not responding. Last check: 2007-10-14)
		Inflation can be contrasted with "reflation," which is either a rise of prices from a deflated state, or alternately a reduction in the rate of deflation, that is, the general level of prices is falling, but at a decreasing rate.
		The consumer price index (CPIs) which measures the price of a selection of goods purchased by a "typical consumer".
		Supply-side economists advocate fighting Inflation by fixing the exchange rate between the currency and some stable reference currency such as gold, or by reducing marginal tax rates in a floating currency regime to encourage capital formation All of these policies are achieved in practice through a process of open market operations.
	inflation.iqnaut.net.cob-web.org:8888 (3957 words)

	Spending What Isn't There
		The core personal consumption expenditures price index -- the Fed's favorite measure of inflation -- was flat in June.
		Stocks, meanwhile, continued to rise as oil prices fells, and with the bullish economic data fueling buying interest.
		The Philadelphia housing index was recently down 0.3%.
	www.thestreet.com /_cnet/comment/nickgodt/10236083_2.html (336 words)

	Reference.com/Encyclopedia/Personal consumption expenditures price index (via CobWeb/3.1 planetlab2.netlab.uky.edu) (Site not responding. Last check: 2007-10-14)
		Current personal consumption is measured in today's prices and then compared to current personal consumption at prices from a base year.
		This price index method assumes that the consumer has made allowances for changes in relative prices.
		In its "Monetary Policy Report to the Congress" ("Humphrey-Hawkins Report") from February 17, 2000 the FOMC said it was changing its primary measure of inflation from the consumer price index to the "chain-type price index for personal consumption expenditures" (
	www.reference.com.cob-web.org:8888 /browse/wiki/PCEPI (294 words)

	Steve Quayle News Alerts
		Commodity prices are a leading indicator of inflation, not simply because they get passed along in output prices, but they are a reflection of broad-based demand.
		Lonski is leery of the rise in commodity prices, especially because he believes the effect on other prices may get larger and more visible all of a sudden.
		The recent rise in commodity prices is an indicator of future increases in the inflation that the Fed watches.
	www.stevequayle.com /News.alert/05_Money/050314.commodities.html (778 words)

	Housing Slump Slows GDP to 2% Crawl - SeekingAlpha (Site not responding. Last check: 2007-10-14)
		The GDP price index rose at a 1.9% annual rate versus 1.8% in November and 3.3% in Q2.
		The price index for personal-consumption expenditures excluding food and energy, the Fed's preferred inflation gauge, rose 2.2% in Q3, down from 2.7% in Q2.
		Stock prices slipped on the indicators, with the DJIA dropping 42.62 points to end at 12,421.25 and the Nasdaq losing 11.76 to close at 2,415.85.
	usmarket.seekingalpha.com /article/22888 (422 words)

	Economy - Dictionaries - FinanceGates.com (Site not responding. Last check: 2007-10-14)
		An inflationary indicator published by the U.S. Bureau of Labor Statistics to evaluate wholesale price levels in the economy.
		Index that tracks inflation by measuring price changes.
		Companies might want to go private in order to restructure their businesses (when they feel that the process might affect their stock prices poorly in the short run).
	www.financegates.com /DictionariesEconomy-P.html (681 words)

	Examining contributions to core consumer inflation measures
		The authors calculate the contributions to inflation for individual series of the consumer price index (CPI) and personal consumption expenditures price index (PCEPI) and then aggregate those contributions into major consumer expenditure categories.
		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.
		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 (329 words)

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