UK Accounting Glossary
Personal consumption expenditures, also known as PCE, are all funds spent on goods and services intended for individual consumption or use. Personal consumption expenditures include such items as food, beverages, clothing, and utilities. Personal consumption expenditures are used as the basis for the personal consumption expenditures price index, which is a general consumer inflation index. The personal consumption expenditures price index is similar to the consumer price index. The personal consumption expenditures price index takes into account actual prices paid by households for durable goods as well as non-durables and services. Even though the personal consumption expenditures price index makes constant adjustments for changing consumer spending habits, its conclusions are considered somewhat predictable and therefore has little impact on the markets.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Personal Consumption Expenditures are sourced/syndicated and enhanced from:
This glossary post was last updated: 6th February 2020.