PCE meaning in Governmental ?

Answer:

What is Personal Consumption Expenditure mean?

The PCE price index (PCEPI), also referred to as the PCE deflator, PCE price deflator, or the Implicit Price Deflator for Personal Consumption Expenditures (IPD for PCE) by the BEA, and as the Chain-type Price Index for Personal Consumption Expenditures (CTPIPCE) by the Federal Open Market Committee (FOMC), is a United States-wide indicator of the average increase in prices for all domestic personal consumption. It is benchmarked to a base of 2012 = 100. Using a variety of data including U.S. Consumer Price Index and Producer Price Index prices, it is derived from the largest component of the GDP in the BEA's National Income and Product Accounts, personal consumption expenditures.

The personal consumption expenditure (PCE) measure is the component statistic for consumption in gross domestic product (GDP) collected by the United States Bureau of Economic Analysis (BEA). It consists of the actual and imputed expenditures of households and includes data pertaining to durable and non-durable goods and services. It is essentially a measure of goods and services targeted towards individuals and consumed by individuals. The less volatile measure of the PCE price index is the core PCE (CPCE) price index, which excludes the more volatile and seasonal food and energy prices.

In comparison to the headline United States Consumer Price Index (CPI), which uses one set of expenditure weights for several years, this index uses a Fisher Price Index, which uses expenditure data from the current period and the preceding period. Also, the PCEPI uses a chained index which compares one quarter's price to the previous quarter's instead of choosing a fixed base. This price index method assumes that the consumer has made allowances for changes in relative prices. That is to say, they have substituted from goods whose prices are rising to goods whose prices are stable or falling.

PCE has been tracked since January 1959. Through July 2018, inflation measured by PCE has averaged 3.3%, while it has averaged 3.8% using CPI. This may be due to the failure of CPI to take into account the substitution effect. Alternatively, an unpublished report on this difference by the Bureau of Labor Statistics suggests that most of it is from different ways of calculating hospital expenses and airfares.

reference

Full Form	Category
Propulsion Controls Engineering	Academic & Science
Priyadarshini College of Engineering	Academic & Science
Plastics and Composites Engineering	Academic & Science
Painter Creek (ak)	Airport Code
Professional Contractors and Engineers	Business
Present Company Excepted	Business
Postsecondary and Career Education	Business
Performance Chemicals Europe	Business
Progressive Consulting Engineers	Business
Pace Oil & Gas, LTD.	Business
Professional and Continuing Education	Community
Pre Conference Event	Community
Pakistan Coalition For Education	Community
Population and Community Ecology	Community
Personalized Continuing Education	Community
Professional Continuing Education	Community
Premium Color Edition	Community
Philipino Cultural Exchange	Community
The Pilipino Cultural Exchange	Community
Personal Consumption Expenditures	Community
Private Consumption Expenditure	Community
Power Control Error	Computer Hardware
Plaintext Checkable Encryption	Computing
Private Character Editor	Computing
Phase Corrected Equalizer	Computing
Portable Computing Environment	Computing
Presentation Connection Endpoint	Computing
Package Collection Editor	Computing
Processor Controller Element	Computing
Power Control Electronics	Computing
Portable Computer Enhancement	Computing
Personal Computing Environment	Computing
Proficiency Certificate In English	Educational Degree
Pearl City Elevator	General
Practicing Clinicians Exchange	General
Probabilistic Consistency Engine	General
Power Cost Equalization	General
Pyrometric Cone Equivalent	General
Pro Comp Elite	General
Permanent Cosmetics Effects	General
Production Consultants and Equipment	General
Process Capture Engine	General
Poly Carboxylate Ether	General
Power Conversion Efficiency	General
Parasite Clearance Estimator	General
Parametric Cost Estimating	General
Partial Credit Enhancement	General
Premium Credit Enhancement	General
Professionalism Commitment Expertise	General
Pilot Car Escort	General
Porsche Club Espana	General
Porsche Centre Exeter	General
Prospective Country Evaluation	General
Phytosanitary Capacity Evaluation	General
Programmatic Categorical Exclusion	General
Proposal for Culminating Experience	General
Pizza Carton Elevation	General
Patrol Craft, Escort	General
Prestressed Concrete Erection	General
Pretty Crap Explanation	General
Postal Computing Environment	General
Prueba de Competencia Especificas	General
Potentially Compensable Event	General
Point Cloud Engine	General
Polymer Coated Erythromycin	General
Personal Consumption Expenditure	Governmental
Partido Comunista de España	Governmental
Peak To Correlation Energy	Governmental
Peninsula Clean Energy	Governmental
Per Capita Expenditure	Governmental
Protect Coastal Ecosystem	Governmental
Purpose of Coset Enumeration	Maths
Passenger Car Equivalents	Measurement Unit
Primary Care Evaluation	Medical
Personal Contamination Event	Medical
Power Conditioning Equipment	Military and Defence
Power Conversion Equipment	Military and Defence
Preliminary Combat Entity	Military and Defence
Path Computation Element	Networking
Plasma Crystal Experiment	Physics Related
Pelleting Consumables Europe	Regional