Talk:Personal consumption expenditures price index

Significance
One of the subjects of this article (the Core Personal Consumption Expenditure index) has been bounced about the blogosphere lately. See: "Bernanke Goes All In": http://brucekrasting.blogspot.com/2012/01/bernanke-goes-all-in.html

Second paragraph needs work
we just The second paragraph begins with an alphabet-soup row of alternate indexes which are related to (?) or identical with (?) the Personal consumption expenditures price index but which is hard to decipher, especially with the double nested parentheses. With all that undigested information one would expect a reference to its source, but this is lacking. Some of this material may be found at the Investopedia web page which is referenced in the first paragraph: http://www.investopedia.com/terms/p/pce.asp#axzz1l0ck0N9c

That page remarks of CPI and PCEPI that "They are similar in many respects, but there are some important differences that can lead to large gaps between CPI and PCEPI inflation rates." I don't find comparisons of CTPIPCE, PCEPI, IPD, etc., however, and this article could use a knowledgeable editor to make sense of it all.—Blanchette (talk) 08:23, 1 February 2012 (UTC)

BEA reference update
possibly because of a site redesign at BEA, this item FAQ: What is the "market-based" PCE price index? may now be reachable at this new web-address http://www.bea.gov/faq/index.cfm?faq_id=83 I cannot verify that this is the same page as originally listed. At the upper right corner of that (new) reference page , it is stated that the creation date is Dec-06-2005 — Preceding unsigned comment added by 70.106.153.184 (talk) 16:42, 9 January 2013 (UTC)

This entry needs an overhaul
after i read over this several times trying to think how best to edit it, i checked some of the reference links...investopedia has it wrong here: http://www.investopedia.com/terms/p/pce.asp#axzz1l0ck0N9c and that's where some of the confusion comes from, starting with the opening paragraph... Personal consumption expenditures and the Price index for Personal consumption expenditures should really be two different entries...PCE is consumer spending; the price index adjusts that for inflation...this is the monthly report where they're both updated: http://www.bea.gov/newsreleases/national/pi/pinewsrelease.htm

i write about the reports that use these metrics, but am not sure i could write an article from scratch in the format you'd want for a wikipedia entry..

GodZeroSquared (talk) 22:43, 16 April 2014 (UTC)GodZeroSquared

Revised Article Should Address Inconsistencies
(1) On the one hand we are told: "The PCE rises about one-third percent less than the CPI, a trend that dates back to 1992." On the other hand, the article concludes by stating that "the two indexes track fairly closely when averaged over several years." Which is it? Elsewhere I read recently that CPI tends to "run a half-point hotter" than CPE, but I don't know whether that's an observation about recent periods or the long term.

(2) We are told that treatment of housing and medical care are the two primary differences between PCE and CPI. As to medical care, we are told that PCE weights medical care at 22.3% (versus CPI at 6.2%) with the difference primarily ascribed to PCE's inclusion of healthcare expenditures by employers. Elsewhere in cyberspace it is clear that employer health insurance premiums are rising far faster than other consumer prices, which suggests we should expect PCE to grow faster than CPI. Instead we are told that PCE rises about one-third less than CPI. This can only be true if PCE's treatment of housing has an even more significant downward effect on ratio of PCE to CPI than the upward effect of medical care. This seems so improbable that if it is true, it should be explained. This might best be accomplished by quantifying the major components of that one-third differential between PCE and CPI, with (as to each) an explanation of why the different approach taken by PCE versus CPI makes such a big difference.

I regret that I lack the expertise to do these things myself.

CambridgeThinker (talk) 19:26, 16 January 2015 (UTC)

External links modified
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Missing explanation of shaded vertical bars
The legend does not tell what the grey background means. Comfr (talk) 22:57, 8 September 2023 (UTC)