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The Consumer Expenditure Survey was first collected over 130 years ago in 1888. It became a continuous survey in 1980. From the late 1800s until 1980 the survey had been administered at approximately ten-year intervals. [6] More information about the history of the Consumer Expenditure Survey is available on the program's history page.
The consumer price index for urban wage earners and clerical workers (CPI-W) is a continuation of the historical index that was introduced after World War I for use in wage negotiation. [23] As new uses were developed for the CPI, the need for a broader and more representative index became apparent.
A CPI is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically. Sub-indices and sub-sub-indices can be computed for different categories and sub-categories of goods and services, which are combined to produce the overall index with weights reflecting their shares in the total of the consumer expenditures covered by the ...
The PCE price index (PePP), also referred to as the PCE deflator, PCE price deflator, or the Implicit Price Deflator for Personal Consumption Expenditures (IPD for PCE) by the Bureau of Economic Analysis (BEA) and as the Chain-type Price Index for Personal Consumption Expenditures (CTPIPCE) by the Federal Open Market Committee (FOMC), is a United States-wide indicator of the average increase ...
Consumer sentiment is simply a gauge of how confident Americans feel about their finances. That may seem to be a meaningless, nebulous statistic, but as consumer spending is the driving force ...
Dates Duration (months) Annual Employment Growth [2] Annual GDP Growth [3] Description Oct 1945– Nov 1948 37 +5.2% +1.5%: As the United States demobilized from World War II, the decline in government spending caused a brief recession in 1945 and suppressed GDP growth for several years thereafter.
US Consumer Price Index YoY data by YCharts. The Fed is likely to pause for a while. Four times per year -- in March, June, September, and December -- the Fed releases a report called the Summary ...
Consumer spending surged at a 3.7% pace in the third quarter, the fastest in 1-1/2 years, helping to propel the economy to a 3.1% growth rate following a 3.0% pace of expansion in the April-June ...