Personal Consumption Expenditures

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Personal Consumption Expenditures

A measure of inflation in the United States that considers how much people spend on household goods and services, while also weighting for the relative demand for those particular goods and services. In addition to calculating raw changes in prices, PCE measures rises and declines in demand based on those price changes, which, in turn, may enhance or dampen the effects of inflation. The PCE is compiled by the U.S. Department of Commerce and has little effect on the market because its results are usually predictable. It is not as widely used as the Consumer Price Index, which does not consider changes in demand as they occur. See also: PCEPI.
References in periodicals archive ?
According to the latest Household Consumption Expenditures report released by the Turkish Statistics Institute (TurkStat) -- covering 2012-14 -- food expenditure constituted 26 percent of the total expenditure of households in Southeast Anatolia.
The penultimate section shows how the household survey data underestimates household income and hence consumption, and uses the household sector's disposable income figures from the flow-of-funds tables to reestimate household consumption expenditures.
The most significant source of underestimation of China's household consumption comes from severe underrepresentation of high-income families in the household surveys, upon which household consumption expenditures in GDP are estimated.
Their study adopts a more micro bottom-up approach by reestimating various components of China's household consumption expenditures.
Overall, expenditures on food and drinks, followed by housing account for the highest share of total household consumption expenditures for both male and female headed households at the national level.
2001)], this study would use household consumption expenditure as the explanatory variable in estimation of the Engel Curve equation.
In this study, we use the household consumption expenditure and household size as explanatory variables to estimate the following linear and double log functional form of the Engel curve, respectively;
We compared inequality and social welfare in Spain and the United States using current household consumption expenditures as the measure of economic well-being.
Expenditures for housing (rent for renters and some type of rental equivalence for owners, as well as utilities) and health and vehicle insurance were included in the calculation of total household consumption expenditures.
definition of household consumption expenditures remained.
The DHS have a drawback in that they lack data on household consumption expenditures, the usual variable used to rank households by their socio economic standing.
With the successive development of Chinese national economy and the steady growth of the residents' household consumption expenditures, Chinese toilet water market is continuously growing.

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