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US Consumer Spending and Price Dynamics
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About
Offers detailed insights into Personal Consumption Expenditures (PCE), a primary measure of consumer spending in the economy. The data covers factors influencing current-dollar personal income, such as increases in compensation offset by decreases in assets and transfer receipts. It provides a breakdown of expenditure growth reflecting spending on both goods and services. For goods, significant contributors include motor vehicles and recreational items; for services, key areas are financial services, recreation, and health care. The resource also tracks wider financial metrics, including personal outlays and the personal saving rate, which was 4.4 percent in November. Furthermore, it details monthly and year-over-year changes in the PCE price index, tracking inflation for goods, services, food, and energy, with an option to exclude food and energy for core inflation analysis.
Columns
- observation_date (od): A date-time field recording the observation point, spanning from January 1959 to November 2024.
- PCE (pce): The value of Personal Consumption Expenditures. Values range from 330 up to 202,000.
- PERCENTAGE (percentage): A field containing unique values, derived from the data observation.
Distribution
The data is typically provided in a CSV file format, with the specific file currently detailed as
PCE new v1.csv. The structure includes three columns and contains 791 valid records. Users should note that the dataset is expected to be updated annually.Usage
This information is ideal for analysts and researchers focused on tracking key US economic indicators. It can be used for:
- Economic Forecasting: Modelling consumer behaviour and future expenditure trends.
- Inflation Analysis: Evaluating price stability using the detailed PCE price index data, including core inflation metrics.
- Sectoral Research: Studying spending shifts across specific categories like durable goods (motor vehicles) or service sectors (financial and recreation).
- Policy Evaluation: Assessing the impact of economic policies on personal saving and outlays.
Coverage
The data provides a longitudinal view of US economic activity, focusing on consumption and price indices. The time period covered is extensive, beginning on 1 January 1959 and extending through to 1 November 2024. The scope includes all components of personal income, outlays, saving, and real spending metrics.
License
CC0: Public Domain
Who Can Use It
- Economists: For macro trend analysis and economic modelling.
- Financial Analysts: To assess market stability and consumer health indicators.
- Academic Researchers: For long-term studies on consumer spending habits and inflation dynamics.
- Government Agencies: For monitoring national economic health and informing regulatory decisions.
Dataset Name Suggestions
- Historical Personal Consumption Expenditures (PCE)
- US Consumer Spending and Price Dynamics
- Macroeconomic PCE Data, 1959–2024
Attributes
Original Data Source: US Consumer Spending and Price Dynamics
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