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Personal consumption expenditures
In the midst of inflation, companies continue to hike prices — and reap major profits
So far, price increases have not driven customers away. But there’s evidence that is starting to change.
What the Federal Reserve's favorite inflation measure can tell us
The personal consumption expenditures price index, better known as the PCE, tracks what we paid for goods and services in the previous month.
Next week's economic data will tell us a lot
Reports on inflation, consumer confidence and jobs will be consequential. We asked economists to point out the most important items.
What do different measures of inflation tell us?
The PCE and CPI measure different things, but the message they send to consumers may influence expectations — that then can affect inflation.
Consumers have shifted spending away from goods and toward services
But they'll shift back when goods they want — like cars — become available.
When it comes to inflation measures, the Federal Reserve prefers the PCE
For monetary officials, the personal consumption expenditures gauge beats the CPI. A trip to the grocery store helps explain why.