Description:
Percent change from the previous year in total personal consumption expenditures in constant dollars.
Source:
Stanford Center on Poverty and Inequality, using data from the Bureau of Economic Analysis, National Income and Product Accounts Tables.
Methodological Notes:
Personal consumption expenditures include spending on durable goods (such as motor vehicles and furniture), nondurable goods (such as food, clothing, and gasoline), and services (such as health care and restaurants). Expenditures are adjusted for inflation using the Consumer Price Index for All Urban Consumers Research Series (CPI-U-RS).