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United States Personal Consumption Expenditures (PCE) Prices Quarter-over-Quarter (QoQ)

Price

3.4 %
Change +/-
+1.6 %
Percentage Change
+61.54 %

The current value of the Personal Consumption Expenditures (PCE) Prices Quarter-over-Quarter (QoQ) in United States is 3.4 %. The Personal Consumption Expenditures (PCE) Prices Quarter-over-Quarter (QoQ) in United States increased to 3.4 % on 3/1/2024, after it was 1.8 % on 12/1/2023. From 6/1/1947 to 6/1/2024, the average GDP in United States was 3.15 %. The all-time high was reached on 3/1/1951 with 13.3 %, while the lowest value was recorded on 12/1/2008 with -6.2 %.

Source: U.S. Bureau of Economic Analysis

Personal Consumption Expenditures (PCE) Prices Quarter-over-Quarter (QoQ)

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PCE Prices QoQ

Personal Consumption Expenditures (PCE) Prices Quarter-over-Quarter (QoQ) History

DateValue
3/1/20243.4 %
12/1/20231.8 %
9/1/20232.6 %
6/1/20232.5 %
3/1/20234.2 %
12/1/20224.1 %
9/1/20224.7 %
6/1/20227.2 %
3/1/20227.7 %
12/1/20216.8 %
1
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3
4
5
...
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Similar Macro Indicators to Personal Consumption Expenditures (PCE) Prices Quarter-over-Quarter (QoQ)

NameCurrentPreviousFrequency
🇺🇸
Consumer Price Index (CPI)
314.8 points314.54 pointsMonthly
🇺🇸
Consumer Price Index for Housing and Utilities
335.056 points334.087 pointsMonthly
🇺🇸
Core Consumer Prices
319.77 points318.872 pointsMonthly
🇺🇸
Core CPI
2.4 %2.5 %Monthly
🇺🇸
Core Inflation Rate
3.4 %3.6 %Monthly
🇺🇸
Core Inflation Rate MoM
0.3 %0.2 %Monthly
🇺🇸
Core PCE Price Index
122.045 points121.944 pointsMonthly
🇺🇸
Core PCE Price Index Annual Change
2.6 %2.8 %Monthly
🇺🇸
Core PCE Price Index MoM
0.2 %0.2 %Monthly
🇺🇸
Core PCE Prices QoQ
2.8 %3.7 %Quarter
🇺🇸
Core Producer Prices
142 points141.94 pointsMonthly
🇺🇸
Core Producer Prices MoM
0 %0.5 %Monthly
🇺🇸
Core Producer Prices YoY
2.4 %2.4 %Monthly
🇺🇸
CPI Transport
271.391 points273.326 pointsMonthly
🇺🇸
Energy Inflation
-4 %1.1 %Monthly
🇺🇸
Export Prices
148.2 points149.2 pointsMonthly
🇺🇸
Export Prices MoM
-0.6 %0.6 %Monthly
🇺🇸
Export Prices YoY
0.6 %-1 %Monthly
🇺🇸
Food Inflation
2.1 %2.2 %Monthly
🇺🇸
GDP Deflator
124.984 points124.212 pointsQuarter
🇺🇸
Import Prices
141.2 points141.8 pointsMonthly
🇺🇸
Import Prices MoM
-0.3 %0.1 %Monthly
🇺🇸
Import Prices YoY
1.1 %1.1 %Monthly
🇺🇸
Inflation Expectations
3 %3 %Monthly
🇺🇸
Inflation Rate
3.3 %3.4 %Monthly
🇺🇸
Inflation Rate MoM
0.2 %-0.1 %Monthly
🇺🇸
Median-CPI
4.32 %4.48 %Monthly
🇺🇸
Michigan 5-Year Inflation Expectations
3 %3 %Monthly
🇺🇸
Michigan Inflation Expectations
3 %3.3 %Monthly
🇺🇸
PCE Price Index
123.096 points123.106 pointsMonthly
🇺🇸
PCE Price Index annual change
2.5 %2.5 %Monthly
🇺🇸
PCE Price Index Monthly Change
0 %0.3 %Monthly
🇺🇸
PPI excluding Food, Energy, and Trade Services
131.634 points131.532 pointsMonthly
🇺🇸
PPI Excluding Food, Energy, and Trade Services MoM
0 %0.4 %Monthly
🇺🇸
PPI excluding Food, Energy, and Trade Services YoY
3.3 %3.2 %Monthly
🇺🇸
Producer Price Change
2.2 %2.3 %Monthly
🇺🇸
Producer Price Inflation MoM
-0.2 %0.5 %Monthly
🇺🇸
Producer prices
143.822 points144.063 pointsMonthly
🇺🇸
Rental inflation
5.2 %5.1 %Monthly
🇺🇸
Seasonally Adjusted Consumer Price Index
313.534 points313.049 pointsMonthly
🇺🇸
Service Inflation
4.9 %5 %Monthly
🇺🇸
Trimmed Mean of the Consumer Price Index
3.42 %3.52 %Monthly

The Personal Consumption Expenditure (PCE) Prices track the changes in the cost of goods and services purchased by consumers for consumption. Prices are weighted based on total expenditure per item.

What is Personal Consumption Expenditures (PCE) Prices Quarter-over-Quarter (QoQ)?

PCE Prices QoQ, or Personal Consumption Expenditures Prices Quarter-on-Quarter, is a critical macroeconomic indicator that professional economists, financial analysts, policymakers, and investors closely monitor. At Eulerpool, where we specialize in displaying comprehensive macroeconomic data, understanding the nuances of PCE Prices QoQ can provide invaluable insights into the broader economic landscape. Personal Consumption Expenditures (PCE) Prices is a measure of the average increase in prices for goods and services consumed by individuals and households within an economy. The PCE price index is particularly significant because it is the Federal Reserve's preferred gauge for determining inflation trends in the United States. This makes the metric crucial for understanding inflationary pressures and guiding economic policy decisions. When examining PCE Prices QoQ, analysts assess the rate of change in the PCE price index from one quarter to the next. This offers a more granular view of short-term inflation trends compared to year-over-year measurements, allowing for timely assessments and interventions. The quarterly analysis provides a powerful tool for identifying emerging inflation trends and potential economic overheating or cooling. The PCE price index includes a broad spectrum of expenditures, covering both durable goods, like automobiles and appliances, and non-durable goods, such as food and gasoline. It also accounts for services, which include healthcare, education, and housing. By capturing the full range of consumer spending categories, the PCE price index offers a comprehensive picture of price dynamics within the economy. One of the main benefits of the PCE price index is that it adjusts for changes in consumer behavior. Unlike other inflation measures, such as the Consumer Price Index (CPI), which may use a fixed market basket of goods and services, the PCE price index allows for substitutions that consumers make in response to changing prices. This feature ensures that the index provides a more accurate reflection of consumers' actual cost of living and purchasing habits. The PCE Prices QoQ is reported by the Bureau of Economic Analysis (BEA), a division of the U.S. Department of Commerce. Data collection involves survey methodologies, price estimates from various industries, and comprehensive analyses that ensure accuracy and reliability. Due to this rigorous methodology, the PCE price index is considered a gold standard for economic analysis and policy formulation. For financial markets, PCE Prices QoQ figures are a vital piece of the puzzle. They offer insights into potential interest rate moves by the Federal Reserve. When the PCE shows increasing inflation, indicated by rising PCE Prices QoQ, it suggests that the economy might be overheating, prompting the Fed to raise interest rates to prevent runaway inflation. Conversely, declining or stable PCE Prices QoQ may suggest that the Fed could adopt a more dovish monetary policy stance, keeping interest rates steady or even lowering them to promote economic growth. Moreover, investors use the PCE Prices QoQ to make informed decisions about asset allocation, portfolio risk management, and investment strategies. By understanding the inflationary environment, investors can better anticipate market fluctuations, bond yield adjustments, and stock market trends. Businesses also rely on PCE Prices QoQ data for strategic planning and forecasting. The metric illuminates the cost pressures that companies might face, influencing pricing strategies, wage negotiations, and cost-control measures. For instance, if PCE Prices QoQ data indicates rising costs, businesses might look to increase prices, negotiate more favorable supplier contracts, or implement efficiency measures to maintain profit margins. Furthermore, PCE Prices QoQ is essential for household financial planning. Understanding inflation trends enables individuals to make more informed decisions about savings, investments, and spending. For example, in an environment of rising inflation, reflected in higher PCE Prices QoQ, families might prioritize paying down fixed-rate debt and investing in assets that traditionally hold value during inflationary periods, such as real estate or commodities. From a geopolitical perspective, PCE Prices QoQ can influence international economic policy and trade relations. Countries closely monitor U.S. inflation data, as shifts in America's inflationary trends can have global repercussions. Higher inflation in the U.S. can lead to a stronger dollar, impacting global trade balances, exchange rates, and multinational business operations. In summary, PCE Prices QoQ is more than just a statistic; it is a window into the economic health and inflationary climate of an economy. At Eulerpool, we recognize the paramount importance of this indicator. We provide detailed, up-to-date data on PCE Prices QoQ, alongside professional analyses that empower our users to draw meaningful conclusions and make informed decisions. Whether you're an economist, investor, policy maker, business leader, or an informed citizen, our platform offers the tools and insights necessary to navigate the complexities of economic data. Understanding and utilizing PCE Prices QoQ can lead to better economic foresight, more robust financial planning, strategic policy making, and informed investment choices. As the economic landscape continues to evolve, staying updated with reliable data and comprehensive analysis becomes ever more critical. At Eulerpool, we're committed to delivering the precision and depth of information you need to stay ahead in an increasingly dynamic world.