ECON 301 American University Intermediate Macroeconomics Worksheet

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PunenpgreFGenatre

Economics

American University

ECON

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Homework #1 Question 1 Page 58 Numerical problem #5 Question 2 Page 58 Numerical problem #6 Question 3 Page 58 Numerical problem #8 Question 4 Real GDP Download the quarterly data for the percent change from preceding period in real Gross Domestic Product from 1947Q2 to 2022Q1, available at the BEA website: www.bea.gov. On the top row, click the icon “Tools” and select “Interactive Data.” Then click “GDP and Personal Income,” and select “Begin using the data.” Click “Section 1,” you will see Table 1.1.1. To the right end of the Table, click the icon “MODIFY,” choose the “First Year” as 1947 and the “Last Year” as 2022, and the data frequency as “Quarters.” Then click “Refresh Table,” and the icon “DOWNLOAD” the data in Excel format. Note that there are two sheets in the saved Excel file, Sheet0 and Sheet1. You need the datasets from both sheets and plot the quarterly real GDP growth from 1947Q2 to 2022Q1 in Excel. (1) Is there any change in the volatility of U.S. output fluctuations before and after 1983? (2) What is the impact of COVID-19 on real GDP growth? Your answer should include the dataset in Excel (a separate file), the graph as well as explanations. Question 5 Inflation Rate Let’s work with a macro database, FRED, available at https://fred.stlouisfed.org/. (1) Download Personal Consumption Expenditure (PCE) price. Go to the FRED website. In the search box, type “pce price,” you’ll see “Personal Consumption Expenditures: Chain-type Price Index” (the first item on my screen). Click the link, and on the top right corner, click “DOWNLOAD” in Excel file. Now, calculate the PCE inflation rate as the percentage change over the same month of the previous year. For example, in January 1960, the inflation rate is calculated as (PCE in Jan. 1960 – PCE in Jan. 1959)/ PCE in Jan. 1959 (2) Download Consumer Price Index (CPI) from the FRED by searching “cpi,” scroll down, and find (the second item on my screen) “Consumer Price Index for All Urban Consumers: All Items in U.S. City Average” Click the link, and on the top right corner, click “DOWNLOAD” in Excel file. Now, calculate the CPI inflation rate as the percentage change over the same month of the previous year. (3) Plot them together in one graph using Microsoft Excel during January 1960 – May 2022. Label each series clearly. Explain, if any, the difference between CPI-based inflation and PCE-based inflation. Your answer should include the dataset in Excel (a separate file), the graph as well as explanations. (4) Briefly explain the dynamics of inflation rate during the pandemic, i.e. since March 2020. What are the main drivers of the recent movement of inflation rate?
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Explanation & Answer:
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Explanation & Answer

View attached explanation and answer. Let me know if you have any questions.Final answer document writen in word file

Outline
Thesis statement: Analyzing real GDP and Inflation Rate in United states
1. Explaining the change in the volatility of U.S. output fluctuations before and after 1983?
2. The impact of COVID-19 on real GDP growth?
3. difference between CPI-based inflation and PCE-based inflation
4. drivers of inflation

View attached explanation and answer. Let me know if you have any questions.

PCE and CPIinflation rate
PCE inflination rate
1.70%
1.71%
1.69%
1.86%
1.91%
1.67%
1.63%
1.66%
1.45%
1.33%
1.60%
1.51%
1.58%
1.57%
1.46%
1.02%
0.97%
0.98%
1.02%
0.93%
0.99%
0.86%
0.53%
0.54%
0.71%
0.89%
1.07%
1.25%
1.26%
1.27%
1.00%
1.06%
1.44%
1.35%
1.42%
1.34%
1.40%
1.24%
1.03%
0.91%
1.00%
1.16%

CPI inflation rate
1.24%
1.41%
1.52%
1.93%
1.83%
1.72%
1.37%
1.47%
1.23%
1.36%
1.47%
1.36%
1.60%
1.46%
1.46%
0.91%
0.91%
0.78%
1.25%
1.11%
1.25%
0.77%
0.67%
0.67%
0.67%
0.90%
1.11%
1.34%
1.34%
1.24%
1.00%
1.14%
1.47%
1.33%
1.33%
1.23%
1.33%
1.23%
1.13%
0.89%
0.89%
1.32%

PCE and C
16.00%
14.00%
12.00%
10.00%
8.00%
6.00%
4.00%
2.00%
0.00%
-2.00%
-4.00%

1960-01-01
1962-07-01
1965-01-01
1967-07-01
1970-01-01
1972-07-01
1975-01-01

Observation date
1960-01-01
1960-02-01
1960-03-01
1960-04-01
1960-05-01
1960-06-01
1960-07-01
1960-08-01
1960-09-01
1960-10-01
1960-11-01
1960-12-01
1961-01-01
1961-02-01
1961-03-01
1961-04-01
1961-05-01
1961-06-01
1961-07-01
1961-08-01
1961-09-01
1961-10-01
1961-11-01
1961-12-01
1962-01-01
1962-02-01
1962-03-01
1962-04-01
1962-05-01
1962-06-01
1962-07-01
1962-08-01
1962-09-01
1962-10-01
1962-11-01
1962-12-01
1963-01-01
1963-02-01
1963-03-01
1963-04-01
1963-05-01
1963-06-01

PCE inflination r

1963-07-01
1963-08-01
1963-09-01
1963-10-01
1963-11-01
1963-12-01
1964-01-01
1964-02-01
1964-03-01
1964-04-01
1964-05-01
1964-06-01
1964-07-01
1964-08-01
1964-09-01
1964-10-01
1964-11-01
1964-12-01
1965-01-01
1965-02-01
1965-03-01
1965-04-01
1965-05-01
1965-06-01
1965-07-01
1965-08-01
1965-09-01
1965-10-01
1965-11-01
1965-12-01
1966-01-01
1966-02-01
1966-03-01
1966-04-01
1966-05-01
1966-06-01
1966-07-01
1966-08-01
1966-09-01
1966-10-01
1966-11-01
1966-12-01
1967-01-01
1967-02-01
1967-03-01
1967-04-01
1967-05-01

1.42%
1.41%
0.89%
1.20%
1.26%
1.45%
1.42%
1.46%
1.59%
1.68%
1.53%
1.45%
1.37%
1.32%
1.50%
1.36%
1.36%
1.35%
1.25%
1.15%
1.22%
1.30%
1.52%
1.67%
1.62%
1.56%
1.45%
1.42%
1.45%
1.67%
1.68%
2.06%
2.17%
2.37%
2.27%
2.23%
2.34%
2.71%
2.99%
3.23%
3.21%
3.05%
2.93%
2.63%
2.44%
2.25%
2.32%

1.56%
1.55%
0.99%
1.22%
1.32%
1.65%
1.64%
1.41%
1.41%
1.54%
1.54%
1.31%
1.08%
0.98%
1.17%
1.20%
1.40%
1.20%
1.10%
1.20%
1.20%
1.39%
1.61%
1.93%
1.81%
1.61%
1.74%
1.70%
1.73%
1.92%
1.92%
2.56%
2.78%
2.87%
2.76%
2.44%
2.75%
3.49%
3.57%
3.79%
3.56%
3.36%
3.20%
2.87%
2.55%
2.54%
2.32%

1967-06-01
1967-07-01
1967-08-01
1967-09-01
1967-10-01
1967-11-01
1967-12-01
1968-01-01
1968-02-01
1968-03-01
1968-04-01
1968-05-01
1968-06-01
1968-07-01
1968-08-01
1968-09-01
1968-10-01
1968-11-01
1968-12-01
1969-01-01
1969-02-01
1969-03-01
1969-04-01
1969-05-01
1969-06-01
1969-07-01
1969-08-01
1969-09-01
1969-10-01
1969-11-01
1969-12-01
1970-01-01
1970-02-01
1970-03-01
1970-04-01
1970-05-01
1970-06-01
1970-07-01
1970-08-01
1970-09-01
1970-10-01
1970-11-01
1970-12-01
1971-01-01
1971-02-01
1971-03-01
1971-04-01

2.39%
2.54%
2.47%
2.46%
2.47%
2.66%
2.61%
3.08%
3.38%
3.66%
3.81%
3.99%
3.99%
3.96%
4.06%
4.10%
4.28%
4.28%
4.34%
4.26%
4.10%
4.24%
4.38%
4.41%
4.59%
4.72%
4.59%
4.65%
4.55%
4.64%
4.91%
4.88%
5.03%
4.80%
4.86%
4.77%
4.54%
4.47%
4.45%
4.49%
4.64%
4.61%
4.59%
4.43%
4.33%
4.42%
4.29%

2.84%
2.93%
2.60%
2.60%
2.59%
3.10%
3.28%
3.65%
3.64%
3.94%
3.93%
4.23%
4.20%
4.49%
4.48%
4.46%
4.75%
4.42%
4.71%
4.69%
4.68%
5.25%
5.52%
5.51%
5.48%
5.44%
5.43%
5.70%
5.67%
5.93%
5.90%
6.16%
6.42%
6.09%
6.06%
6.04%
6.01%
5.71%
5.69%
5.66%
5.63%
5.60%
5.57%
5.28%
4.72%
4.44%
4.16%

1971-05-01
1971-06-01
1971-07-01
1971-08-01
1971-09-01
1971-10-01
1971-11-01
1971-12-01
1972-01-01
1972-02-01
1972-03-01
1972-04-01
1972-05-01
1972-06-01
1972-07-01
1972-08-01
1972-09-01
1972-10-01
1972-11-01
1972-12-01
1973-01-01
1973-02-01
1973-03-01
1973-04-01
1973-05-01
1973-06-01
1973-07-01
1973-08-01
1973-09-01
1973-10-01
1973-11-01
1973-12-01
1974-01-01
1974-02-01
1974-03-01
1974-04-01
1974-05-01
1974-06-01
1974-07-01
1974-08-01
1974-09-01
1974-10-01
1974-11-01
1974-12-01
1975-01-01
1975-02-01
1975-03-01

4.40%
4.59%
4.52%
4.55%
4.24%
3.89%
3.69%
3.64%
3.85%
3.95%
3.76%
3.51%
3.30%
3.01%
3.06%
3.07%
3.37%
3.33%
3.42%
3.35%
3.23%
3.37%
3.96%
4.57%
4.85%
5.29%
5.30%
6.20%
6.15%
6.63%
7.19%
7.72%
8.43%
9.11%
9.61%
9.57%
10.11%
10.40%
10.82%
10.70%
11.40%
11.58%
11.50%
11.46%
11.09%
10.41%
9.51%

4.40%
4.38%
4.37%
4.36%
4.08%
3.81%
3.54%
3.27%
3.26%
3.76%
3.50%
3.49%
3.23%
2.96%
2.96%
2.95%
3.19%
3.18%
3.41%
3.41%
3.64%
3.86%
4.83%
5.30%
5.53%
6.00%
5.74%
7.40%
7.36%
8.06%
8.25%
8.94%
9.60%
10.00%
10.14%
10.07%
10.71%
10.86%
11.54%
10.89%
11.95%
11.84%
12.20%
12.10%
11.75%
11.21%
10.46%

1975-04-01
1975-05-01
1975-06-01
1975-07-01
1975-08-01
1975-09-01
1975-10-01
1975-11-01
1975-12-01
1976-01-01
1976-02-01
1976-03-01
1976-04-01
1976-05-01
1976-06-01
1976-07-01
1976-08-01
1976-09-01
1976-10-01
1976-11-01
1976-12-01
1977-01-01
1977-02-01
1977-03-01
1977-04-01
1977-05-01
1977-06-01
1977-07-01
1977-08-01
1977-09-01
1977-10-01
1977-11-01
1977-12-01
1978-01-01
1978-02-01
1978-03-01
1978-04-01
1978-05-01
1978-06-01
1978-07-01
1978-08-01
1978-09-01
1978-10-01
1978-11-01
1978-12-01
1979-01-01
1979-02-01

9.11%
8.47%
8.24%
8.37%
7.71%
7.13%
6.99%
6.87%
6.62%
6.37%
5.93%
5.73%
5.61%
5.69%
5.49%
5.12%
5.25%
5.32%
5.26%
5.06%
5.07%
5.28%
5.97%
6.34%
6.72%
6.75%
6.88%
6.89%
6.80%
6.60%
6.54%
6.67%
6.59%
6.60%
6.26%
6.42%
6.60%
6.82%
6.92%
6.95%
7.00%
7.20%
7.55%
7.55%
7.53%
7.70%
7.78%

10.19%
9.26%
9.18%
9.53%
8.62%
7.91%
7.65%
7.38%
7.13%
6.69%
6.27%
6.06%
5.85%
6.21%
5.98%
5.56%
5.72%
5.49%
5.46%
5.06%
5.04%
5.20%
6.08%
6.43%
6.95%
6.74%
6.70%
6.67%
6.63%
6.42%
6.39%
6.71%
6.68%
6.81%
6.24%
6.38%
6.50%
7.14%
7.44%
7.73%
7.86%
8.48%
8.93%
8.87%
8.99%
9.25%
9.84%

1979-03-01
1979-04-01
1979-05-01
1979-06-01
1979-07-01
1979-08-01
1979-09-01
1979-10-01
1979-11-01
1979-12-01
1980-01-01
1980-02-01
1980-03-01
1980-04-01
1980-05-01
1980-06-01
1980-07-01
1980-08-01
1980-09-01
1980-10-01
1980-11-01
1980-12-01
1981-01-01
1981-02-01
1981-03-01
1981-04-01
1981-05-01
1981-06-01
1981-07-01
1981-08-01
1981-09-01
1981-10-01
1981-11-01
1981-12-01
1982-01-01
1982-02-01
1982-03-01
1982-04-01
1982-05-01
1982-06-01
1982-07-01
1982-08-01
1982-09-01
1982-10-01
1982-11-01
1982-12-01
1983-01-01

7.92%
8.22%
8.57%
8.76%
8.99%
9.27%
9.61%
9.63%
9.77%
10.18%
10.50%
11.10%
11.59%
11.02%
10.74%
10.52%
10.54%
10.61%
10.66%
10.65%
10.78%
10.57%
10.47%
10.39%
9.81%
9.72%
9.36%
9.11%
8.92%
8.70%
8.35%
7.98%
7.68%
7.32%
6.93%
6.17%
5.71%
5.31%
5.46%
5.80%
5.79%
5.46%
5.11%
5.23%
4.98%
4.81%
4.68%

10.25%
10.49%
10.70%
11.08%
11.45%
11.84%
11.88%
12.07%
12.59%
13.25%
13.87%
14.16%
14.59%
14.59%
14.43%
14.27%
13.15%
12.89%
12.77%
12.63%
12.63%
12.35%
11.79%
11.39%
10.61%
10.14%
9.79%
9.70%
10.77%
10.82%
10.97%
10.27%
9.58%
8.91%
8.26%
7.61%
6.88%
6.62%
6.91%
7.18%
6.56%
5.97%
4.94%
5.03%
4.48%
3.83%
3.71%

1983-02-01
1983-03-01
1983-04-01
1983-05-01
1983-06-01
1983-07-01
1983-08-01
1983-09-01
1983-10-01
1983-11-01
1983-12-01
1984-01-01
1984-02-01
1984-03-01
1984-04-01
1984-05-01
1984-06-01
1984-07-01
1984-08-01
1984-09-01
1984-10-01
1984-11-01
1984-12-01
1985-01-01
1985-02-01
1985-03-01
1985-04-01
1985-05-01
1985-06-01
1985-07-01
1985-08-01
1985-09-01
1985-10-01
1985-11-01
1985-12-01
1986-01-01
1986-02-01
1986-03-01
1986-04-01
1986-05-01
1986-06-01
1986-07-01
1986-08-01
1986-09-01
1986-10-01
1986-11-01
1986-12-01

4.55%
4.41%
4.83%
4.51%
4.15%
4.12%
4.24%
4.31%
3.91%
3.74%
3.65%
3.61%
4.13%
4.34%
4.26%
4.10%
3.89%
3.68%
3.56%
3.34%
3.40%
3.40%
3.64%
3.70%
3.49%
3.55%
3.31%
3.43%
3.52%
3.41%
3.43%
3.47%
3.39%
3.55%
3.61%
3.56%
3.09%
2.46%
2.10%
2.05%
2.15%
1.92%
1.72%
1.88%
1.89%
1.78%
1.57%

3.48%
3.59%
4.00%
3.44%
2.47%
2.36%
2.46%
2.76%
2.75%
3.16%
3.79%
4.29%
4.69%
4.89%
4.55%
4.33%
4.33%
4.31%
4.30%
4.28%
4.27%
4.15%
4.04%
3.53%
3.61%
3.79%
3.58%
3.57%
3.66%
3.46%
3.35%
3.25%
3.24%
3.51%
3.79%
3.97%
3.20%
2.15%
1.59%
1.68%
1.77%
1.67%
1.58%
1.76%
1.57%
1.28%
1.19%

1987-01-01
1987-02-01
1987-03-01
1987-04-01
1987-05-01
1987-06-01
1987-07-01
1987-08-01
1987-09-01
1987-10-01
1987-11-01
1987-12-01
1988-01-01
1988-02-01
1988-03-01
1988-04-01
1988-05-01
1988-06-01
1988-07-01
1988-08-01
1988-09-01
1988-10-01
1988-11-01
1988-12-01
1989-01-01
1989-02-01
1989-03-01
1989-04-01
1989-05-01
1989-06-01
1989-07-01
1989-08-01
1989-09-01
1989-10-01
1989-11-01
1989-12-01
1990-01-01
1990-02-01
1990-03-01
1990-04-01
1990-05-01
1990-06-01
1990-07-01
1990-08-01
1990-09-01
1990-10-01
1990-11-01

1.58%
1.94%
2.43%
3.02%
3.09%
3.10%
3.31%
3.59%
3.60%
3.74%
3.76%
3.81%
3.73%
3.51%
3.60%
3.72%
3.75%
3.80%
4.07%
3.97%
4.12%
4.13%
4.17%
4.31%
4.43%
4.63%
4.66%
4.84%
4.92%
4.71%
4.45%
4.15%
3.88%
3.94%
3.93%
3.91%
4.16%
4.27%
4.28%
3.80%
3.66%
3.89%
3.90%
4.58%
4.98%
5.17%
5.08%

1.36%
1.91%
2.84%
3.68%
3.67%
3.75%
3.93%
4.29%
4.27%
4.36%
4.53%
4.33%
4.13%
3.94%
3.83%
3.99%
3.98%
3.96%
4.13%
4.11%
4.18%
4.26%
4.25%
4.41%
4.48%
4.65%
4.89%
5.03%
5.28%
5.17%
5.06%
4.62%
4.44%
4.59%
4.66%
4.64%
5.20%
5.26%
5.24%
4.71%
4.37%
4.67%
4.82%
5.70%
6.17%
6.38%
6.20%

1990-12-01
1991-01-01
1991-02-01
1991-03-01
1991-04-01
1991-05-01
1991-06-01
1991-07-01
1991-08-01
1991-09-01
1991-10-01
1991-11-01
1991-12-01
1992-01-01
1992-02-01
1992-03-01
1992-04-01
1992-05-01
1992-06-01
1992-07-01
1992-08-01
1992-09-01
1992-10-01
1992-11-01
1992-12-01
1993-01-01
1993-02-01
1993-03-01
1993-04-01
1993-05-01
1993-06-01
1993-07-01
1993-08-01
1993-09-01
1993-10-01
1993-11-01
1993-12-01
1994-01-01
1994-02-01
1994-03-01
1994-04-01
1994-05-01
1994-06-01
1994-07-01
1994-08-01
1994-09-01
1994-10-01

4.87%
4.48%
4.07%
3.71%
3.68%
3.87%
3.59%
3.50%
3.05%
2.78%
2.38%
2.48%
2.64%
2.39%
2.60%
2.82%
2.91%
2.62%
2.63%
2.81%
2.71%
2.53%
2.70%
2.67%
2.59%
2.70%
2.60%
2.56%
2.56%
2.74%
2.59%
2.42%
2.45%
2.39%
2.35%
2.35%
2.19%
1.98%
2.06%
2.13%
1.98%
1.81%
2.03%
2.19%
2.25%
2.25%
2.10%

6.25%
5.65%
5.31%
4.82%
4.81%
5.03%
4.70%
4.37%
3.80%
3.40%
2.85%
3.07%
2.98%
2.67%
2.82%
3.19%
3.18%
3.02%
3.01%
3.16%
3.07%
2.99%
3.28%
3.12%
2.97%
3.25%
3.25%
3.02%
3.16%
3.22%
3.00%
2.85%
2.84%
2.76%
2.75%
2.74%
2.81%
2.45%
2.52%
2.65%
2.36%
2.29%
2.49%
2.70%
2.90%
2.97%
2.61%

1994-11-01
1994-12-01
1995-01-01
1995-02-01
1995-03-01
1995-04-01
1995-05-01
1995-06-01
1995-07-01
1995-08-01
1995-09-01
1995-10-01
1995-11-01
1995-12-01
1996-01-01
1996-02-01
1996-03-01
1996-04-01
1996-05-01
1996-06-01
1996-07-01
1996-08-01
1996-09-01
1996-10-01
1996-11-01
1996-12-01
1997-01-01
1997-02-01
1997-03-01
1997-04-01
1997-05-01
1997-06-01
1997-07-01
1997-08-01
1997-09-01
1997-10-01
1997-11-01
1997-12-01
1998-01-01
1998-02-01
1998-03-01
1998-04-01
1998-05-01
1998-06-01
1998-07-01
1998-08-01
1998-09-01

2.11%
2.15%
2.32%
2.27%
2.17%
2.32%
2.33%
2.18%
1.99%
1.97%
1.93%
2.02%
1.82%
1.95%
1.97%
1.95%
2.07%
2.11%
2.13%
2.03%
2.12%
1.99%
2.21%
2.26%
2.44%
2.36%
2.27%
2.32%
2.12%
1.92%
1.69%
1.83%
1.67%
1.66%
1.61%
1.44%
1.26%
1.12%
1.04%
0.78%
0.69%
0.72%
0.90%
0.69%
0.88%
0.93%
0.63%

2.60%
2.60%
2.87%
2.86%
2.79%
3.13%
3.12%
3.04%
2.83%
2.62%
2.55%
2.74%
2.60%
2.53%
2.79%
2.72%
2.84%
2.83%
2.83%
2.82%
2.88%
2.81%
3.00%
3.06%
3.25%
3.38%
3.04%
3.03%
2.77%
2.43%
2.24%
2.23%
2.17%
2.29%
2.22%
2.09%
1.89%
1.70%
1.63%
1.44%
1.38%
1.44%
1.69%
1.62%
1.75%
1.62%
1.43%

1998-10-01
1998-11-01
1998-12-01
1999-01-01
1999-02-01
1999-03-01
1999-04-01
1999-05-01
1999-06-01
1999-07-01
1999-08-01
1999-09-01
1999-10-01
1999-11-01
1999-12-01
2000-01-01
2000-02-01
2000-03-01
2000-04-01
2000-05-01
2000-06-01
2000-07-01
2000-08-01
2000-09-01
2000-10-01
2000-11-01
2000-12-01
2001-01-01
2001-02-01
2001-03-01
2001-04-01
2001-05-01
2001-06-01
2001-07-01
2001-08-01
2001-09-01
2001-10-01
2001-11-01
2001-12-01
2002-01-01
2002-02-01
2002-03-01
2002-04-01
2002-05-01
2002-06-01
2002-07-01
2002-08-01

0.72%
0.72%
0.85%
0.94%
0.93%
0.99%
1.36%
1.28%
1.40%
1.42%
1.46%
1.88%
1.83%
1.92%
2.06%
2.19%
2.57%
2.93%
2.35%
2.37%
2.68%
2.67%
2.48%
2.55%
2.51%
2.57%
2.49%
2.70%
2.54%
2.11%
2.37%
2.56%
2.39%
2.10%
2.10%
1.31%
1.53%
1.32%
1.06%
0.67%
0.68%
0.94%
1.19%
0.99%
0.94%
1.19%
1.40%

1.49%
1.48%
1.61%
1.67%
1.67%
1.73%
2.28%
2.09%
1.97%
2.14%
2.26%
2.63%
2.56%
2.62%
2.68%
2.79%
3.22%
3.76%
3.01%
3.13%
3.73%
3.60%
3.35%
3.46%
3.45%
3.44%
3.44%
3.72%
3.53%
2.98%
3.22%
3.56%
3.19%
2.72%
2.72%
2.59%
2.13%
1.89%
1.60%
1.20%
1.14%
1.36%
1.64%
1.24%
1.07%
1.47%
1.75%

2002-09-01
2002-10-01
2002-11-01
2002-12-01
2003-01-01
2003-02-01
2003-03-01
2003-04-01
2003-05-01
2003-06-01
2003-07-01
2003-08-01
2003-09-01
2003-10-01
2003-11-01
2003-12-01
2004-01-01
2004-02-01
2004-03-01
2004-04-01
2004-05-01
2004-06-01
2004-07-01
2004-08-01
2004-09-01
2004-10-01
2004-11-01
2004-12-01
2005-01-01
2005-02-01
2005-03-01
2005-04-01
2005-05-01
2005-06-01
2005-07-01
2005-08-01
2005-09-01
2005-10-01
2005-11-01
2005-12-01
2006-01-01
2006-02-01
2006-03-01
2006-04-01
2006-05-01
2006-06-01
2006-07-01

1.93%
1.76%
1.93%
2.13%
2.34%
2.61%
2.59%
1.99%
1.81%
1.79%
1.86%
2.01%
2.14%
1.97%
2.00%
2.12%
2.21%
2.00%
1.90%
2.26%
2.71%
2.89%
2.68%
2.39%
2.27%
2.70%
2.97%
2.79%
2.53%
2.60%
2.75%
2.84%
2.57%
2.34%
2.68%
3.04%
3.83%
3.55%
2.94%
2.88%
3.25%
3.02%
2.91%
3.10%
3.32%
3.51%
3.43%

1.52%
2.03%
2.25%
2.48%
2.76%
3.15%
3.03%
2.18%
1.89%
1.95%
2.06%
2.22%
2.38%
2.04%
1.93%
2.04%
2.03%
1.69%
1.74%
2.29%
2.90%
3.17%
2.94%
2.55%
2.54%
3.19%
3.62%
3.34%
2.84%
3.05%
3.21%
3.36%
2.87%
2.54%
3.07%
3.65%
4.74%
4.35%
3.34%
3.34%
4.02%
3.64%
3.42%
3.61%
3.98%
4.18%
4.10%

2006-08-01
2006-09-01
2006-10-01
2006-11-01
2006-12-01
2007-01-01
2007-02-01
2007-03-01
2007-04-01
2007-05-01
2007-06-01
2007-07-01
2007-08-01
2007-09-01
2007-10-01
2007-11-01
2007-12-01
2008-01-01
2008-02-01
2008-03-01
2008-04-01
2008-05-01
2008-06-01
2008-07-01
2008-08-01
2008-09-01
2008-10-01
2008-11-01
2008-12-01
2009-01-01
2009-02-01
2009-03-01
2009-04-01
2009-05-01
2009-06-01
2009-07-01
2009-08-01
2009-09-01
2009-10-01
2009-11-01
2009-12-01
2010-01-01
2010-02-01
2010-03-01
2010-04-01
2010-05-01
2010-06-01

3.34%
2.08%
1.68%
1.92%
2.29%
2.13%
2.39%
2.57%
2.33%
2.35%
2.32%
2.12%
1.87%
2.53%
3.09%
3.60%
3.47%
3.39%
3.27%
3.19%
3.14%
3.28%
3.81%
4.14%
3.98%
3.67%
2.67%
0.93%
0.13%
-0.11%
-0.13%
-0.53%
-0.57%
-0.89%
-1.02%
-1.47%
-1.10%
-1.02%
0.01%
1.46%
2.09%
2.30%
2.12%
2.37%
2.28%
2.21%
1.56%

3.93%
2.01%
1.41%
1.97%
2.52%
2.08%
2.42%
2.80%
2.59%
2.71%
2.69%
2.32%
1.90%
2.83%
3.61%
4.37%
4.11%
4.29%
4.14%
3.97%
3.90%
4.09%
4.94%
5.50%
5.31%
4.95%
3.73%
1.10%
-0.02%
-0.11%
0.01%
-0.45%
-0.58%
-1.02%
-1.23%
-1.96%
-1.48%
-1.38%
-0.22%
1.91%
2.81%
2.62%
2.15%
2.29%
2.21%
2.00%
1.12%

2010-07-01
2010-08-01
2010-09-01
2010-10-01
2010-11-01
2010-12-01
2011-01-01
2011-02-01
2011-03-01
2011-04-01
2011-05-01
2011-06-01
2011-07-01
2011-08-01
2011-09-01
2011-10-01
2011-11-01
2011-12-01
2012-01-01
2012-02-01
2012-03-01
2012-04-01
2012-05-01
2012-06-01
2012-07-01
2012-08-01
2012-09-01
2012-10-01
2012-11-01
2012-12-01
2013-01-01
2013-02-01
2013-03-01
2013-04-01
2013-05-01
2013-06-01
2013-07-01
2013-08-01
2013-09-01
2013-10-01
2013-11-01
2013-12-01
2014-01-01
2014-02-01
2014-03-01
2014-04-01
2014-05-01

1.64%
1.48%
1.42%
1.36%
1.31%
1.48%
1.56%
1.85%
2.11%
2.49%
2.77%
2.79%
2.88%
2.98%
3.02%
2.69%
2.70%
2.53%
2.57%
2.51%
2.30%
2.00%
1.58%
1.55%
1.41%
1.51%
1.68%
1.98%
1.70%
1.63%
1.47%
1.62%
1.29%
1.08%
1.26%
1.53%
1.62%
1.43%
1.17%
1.04%
1.26%
1.48%
1.48%
1.17%
1.50%
1.78%
1.89%

1.34%
1.15%
1.12%
1.17%
1.08%
1.44%
1.70%
2.12%
2.62%
3.08%
3.46%
3.50%
3.58%
3.75%
3.81%
3.52%
3.45%
3.06%
3.01%
2.90%
2.58%
2.27%
1.74%
1.65%
1.42%
1.69%
1.95%
2.16%
1.80%
1.76%
1.68%
2.02%
1.52%
1.14%
1.39%
1.72%
1.89%
1.54%
1.09%
0.88%
1.23%
1.51%
1.56%
1.12%
1.61%
2.02%
2.17%

2014-06-01
2014-07-01
2014-08-01
2014-09-01
2014-10-01
2014-11-01
2014-12-01
2015-01-01
2015-02-01
2015-03-01
2015-04-01
2015-05-01
2015-06-01
2015-07-01
2015-08-01
2015-09-01
2015-10-01
2015-11-01
2015-12-01
2016-01-01
2016-02-01
2016-03-01
2016-04-01
2016-05-01
2016-06-01
2016-07-01
2016-08-01
2016-09-01
2016-10-01
2016-11-01
2016-12-01
2017-01-01
2017-02-01
2017-03-01
2017-04-01
2017-05-01
2017-06-01
2017-07-01
2017-08-01
2017-09-01
2017-10-01
2017-11-01
2017-12-01
2018-01-01
2018-02-01
2018-03-01
2018-04-01

1.79%
1.81%
1.64%
1.63%
1.43%
1.19%
0.84%
0.18%
0.29%
0.28%
0.16%
0.23%
0.31%
0.24%
0.26%
0.08%
0.09%
0.23%
0.30%
0.82%
0.59%
0.63%
0.89%
0.80%
0.79%
0.75%
0.90%
1.23%
1.46%
1.44%
1.71%
2.04%
2.19%
1.90%
1.84%
1.66%
1.58%
1.56%
1.63%
1.88%
1.82%
1.96%
1.88%
1.84%
1.96%
2.18%
2.15%

2.06%
1.97%
1.72%
1.68%
1.61%
1.23%
0.65%
-0.23%
-0.09%
-0.02%
-0.10%
0.04%
0.18%
0.23%
0.24%
0.01%
0.13%
0.44%
0.64%
1.24%
0.85%
0.89%
1.17%
1.08%
1.08%
0.87%
1.06%
1.55%
1.69%
1.68%
2.05%
2.51%
2.81%
2.44%
2.18%
1.86%
1.64%
1.73%
1.93%
2.18%
2.02%
2.17%
2.13%
2.10%
2.23%
2.33%
2.44%

2018-05-01
2018-06-01
2018-07-01
2018-08-01
2018-09-01
2018-10-01
2018-11-01
2018-12-01
2019-01-01
2019-02-01
2019-03-01
2019-04-01
2019-05-01
2019-06-01
2019-07-01
2019-08-01
2019-09-01
2019-10-01
2019-11-01
2019-12-01
2020-01-01
2020-02-01
2020-03-01
2020-04-01
2020-05-01
2020-06-01
2020-07-01
2020-08-01
2020-09-01
2020-10-01
2020-11-01
2020-12-01
2021-01-01
2021-02-01
2021-03-01
2021-04-01
2021-05-01
2021-06-01
2021-07-01
2021-08-01
2021-09-01
2021-10-01
2021-11-01
2021-12-01
2022-01-01
2022-02-01
2022-03-01

2.37%
2.38%
2.44%
2.28%
2.07%
2.11%
2.01%
1.86%
1.47%
1.36%
1.47%
1.62%
1.50%
1.46%
1.52%
1.51%
1.38%
1.41%
1.42%
1.65%
1.90%
1.87%
1.34%
0.41%
0.51%
0.91%
1.04%
1.30%
1.38%
1.17%
1.11%
1.29%
1.41%
1.63%
2.45%
3.58%
3.97%
4.03%
4.16%
4.24%
4.44%
5.06%
5.65%
5.78%
6.00%
6.27%
6.64%

2.78%
2.85%
2.90%
2.68%
2.36%
2.53%
2.17%
1.92%
1.50%
1.48%
1.88%
2.01%
1.81%
1.69%
1.82%
1.76%
1.73%
1.76%
2.03%
2.26%
2.46%
2.32%
1.53%
0.36%
0.24%
0.73%
1.03%
1.33%
1.40%
1.18%
1.14%
1.28%
1.36%
1.68%
2.66%
4.15%
4.94%
5.34%
5.28%
5.21%
5.39%
6.24%
6.83%
7.10%
7.53%
7.91%
8.56%

2022-04-01
2022-05-01

6.29%
6.35%

8.22%
8.52%

1975-01-01
1977-07-01
1980-01-01
1982-07-01
1985-01-01
1987-07-01
1990-01-01
1992-07-01
1995-01-01
1997-07-01
2000-01-01
2002-07-01
2005-01-01
2007-07-01
2010-01-01
2012-07-01
2015-01-01
2017-07-01
2020-01-01

PCE and CPIinflation rate

PCE inflination rate
CPI inflation rate


FRED Graph Observations
Federal Reserve Economic Data
Link: https://fred.stlouisfed.org
Help: https://fredhelp.stlouisfed.org
Economic Research Division
Federal Reserve Bank of St. Louis
CPIAUCSL

Consumer Price Index for All Urban Consumers: All Items in U.S. City Average, Index 1982-1984=10

Frequency: Monthly
observation_date
1947-01-01
1947-02-01
1947-03-01
1947-04-01
1947-05-01
1947-06-01
1947-07-01
1947-08-01
1947-09-01
1947-10-01
1947-11-01
1947-12-01
1948-01-01
1948-02-01
1948-03-01
1948-04-01
1948-05-01
1948-06-01
1948-07-01
1948-08-01
1948-09-01
1948-10-01
1948-11-01
1948-12-01
1949-01-01
1949-02-01
1949-03-01
1949-04-01
1949-05-01
1949-06-01
1949-07-01
1949-08-01
1949-09-01
1949-10-01
1949-11-01
1949-12-01
1950-01-01
1950-02-01
1950-03-01
1950-04-01
1950-05-01

CPIAUCSL
21.480
21.620
22.000
22.000
21.950
22.080
22.230
22.400
22.840
22.910
23.060
23.410
23.680
23.670
23.500
23.820
24.010
24.150
24.400
24.430
24.360
24.310
24.160
24.050
24.010
23.910
23.910
23.920
23.910
23.920
23.700
23.700
23.750
23.670
23.700
23.610
23.510
23.610
23.640
23.650
23.770

CPI inflation rate as the percentage change
10.24%
9.48%
6.82%
8.27%
9.38%
9.38%
9.76%
9.06%
6.65%
6.11%
4.77%
2.73%
1.39%
1.01%
1.74%
0.42%
-0.42%
-0.95%
-2.87%
-2.99%
-2.50%
-2.63%
-1.90%
-1.83%
-2.08%
-1.25%
-1.13%
-1.13%
-0.59%

1950-06-01
1950-07-01
1950-08-01
1950-09-01
1950-10-01
1950-11-01
1950-12-01
1951-01-01
1951-02-01
1951-03-01
1951-04-01
1951-05-01
1951-06-01
1951-07-01
1951-08-01
1951-09-01
1951-10-01
1951-11-01
1951-12-01
1952-01-01
1952-02-01
1952-03-01
1952-04-01
1952-05-01
1952-06-01
1952-07-01
1952-08-01
1952-09-01
1952-10-01
1952-11-01
1952-12-01
1953-01-01
1953-02-01
1953-03-01
1953-04-01
1953-05-01
1953-06-01
1953-07-01
1953-08-01
1953-09-01
1953-10-01
1953-11-01
1953-12-01
1954-01-01
1954-02-01
1954-03-01
1954-04-01
1954-05-01
1954-06-01
1954-07-01
1954-08-01
1954-09-01

23.880
24.070
24.200
24.340
24.500
24.600
24.980
25.380
25.830
25.880
25.920
25.990
25.930
25.910
25.860
26.030
26.160
26.320
26.470
26.450
26.410
26.390
26.460
26.470
26.530
26.680
26.690
26....

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