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Watching CPI and PCE inflation in FRED
Measures of inflation are some of the most popular data series on FRED. Two of the most important ones are the consumer price index (CPI), constructed by the Bureau of Labor Statistics (BLS) in the Department of Labor, and the personal consumption expenditures price index (PCE), constructed by the Bureau of Economic Analysis (BEA) in the Department of Commerce. The CPI is probably the most widely watched measure of inflation and is used for many purposes, such as indexing Social Security payments. The Federal Open Market Committee (FOMC) has been looking at the PCE price index since the 1990s, however, and made that ... (full story)