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Article: Comparing the Consumer Price Index and the Personal Consumption expenditures price index.
- Article from:
- Survey of Current Business
- Article date:
- November 1, 2007
- Author:
CopyrightCOPYRIGHT 2007 U.S. Government Printing Office. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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IN THE United States, there are two primary measures of the prices paid by consumers for goods and services. One is the Consumer Price Index for All Urban Consumers (CPI) prepared by the Bureau of Labor Statistics (BLS), and the other is the Personal Consumption Expenditures (PCE) chain-type price index prepared by the Bureau of Economic Analysis (BEA). These two price indexes have different purposes and uses. Thus, they are constructed differently and tend to behave differently over time. (1) Chart 1 shows the quarterly growth rates for the two indexes from the first quarter of 2002 through the second quarter of 2007. Although the magnitude and direction of these ...
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Article: PERSONAL INCOME AND OUTLAYS, AUGUST 2007
US Fed News Service, Including US State News;
September 28, 2007 ;
700+ words
... ... compared with an increase of 0.3 percent. PCE price index - The PCE price index decreased 0.1 percent in August, in contrast to an increase of 0.1 percent in July. The PCE price index, excluding food and energy, increased 0.1 ...
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