US Advance GDP Price Index q/q
It's the broadest measure of inflation, encompassing all activities included in GDP, and is a primary instrument that the central bank uses to assess inflation;
While this is q/q data, it's reported in an annualized format (quarterly change x4).
- US Advance GDP Price Index q/q Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Apr 25, 2024 | 3.1% | 3.0% | 1.6% |
Jan 25, 2024 | 1.5% | 2.3% | 3.3% |
Oct 26, 2023 | 3.5% | 2.7% | 1.7% |
Jul 27, 2023 | 2.2% | 3.0% | 4.1% |
Apr 27, 2023 | 4.0% | 3.7% | 3.9% |
Jan 26, 2023 | 3.5% | 3.2% | 4.4% |
Oct 27, 2022 | 4.1% | 5.3% | 9.0% |
Jul 28, 2022 | 8.7% | 7.9% | 8.2% |
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- US Advance GDP Price Index q/q News
- From think.ing.com|Apr 25, 2024
US first quarter GDP growth is an annualised 1.6%, well below the 2.5% consensus expectation, but inflation is hotter with the core PCE deflator up 3.7% annualised versus 3.4% expected. This suggests, assuming no revisions to monthly data, that the core PCE deflator will come in above 0.4% tomorrow rather than the current 0.3%MoM consensus forecast. Unsurprisingly, Treasury yields have pushed higher as if that is the case, it makes a near-term Federal Reserve interest rate cut look even more unlikely. That said, this inflation number ...
- From whitehouse.gov|Apr 25, 2024|1 comment
Today’s report shows the American economy remains strong, with continued steady and stable growth. The economy has grown more since I took office than at this point in any presidential term in the last 25 years—including 3% growth over the last year—while unemployment has stayed below 4% for more than two years. But we have more work to do. Costs are too high for working families, and I am fighting to lower them. I took on Big Pharma to lower prescription drug and health care costs. I’m banning hidden junk fees that corporations use ...
- From bea.gov|Apr 25, 2024|16 comments
Real gross domestic product (GDP) increased at an annual rate of 1.6 percent in the first quarter of 2024 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2023, real GDP increased 3.4 percent. The GDP estimate released today is based on source data that are incomplete or subject to further revision by the source agency (refer to “Source Data for the Advance Estimate” on page 3). The “second” estimate for the first quarter, based on more complete source data, will be ...
- From think.ing.com|Jan 25, 2024
US fourth-quarter GDP growth came in at 3.3% quarter-on-quarter annualised, well above the 2% consensus and above every forecast in the Bloomberg survey. The personal consolation is that at least we were closest (ING predicted 2.5%). The details show consumer spending was very strong, rising 2.8% while government spending increased 3.3% and non-residential fixed investment increased 1.9% with residential investment up 1.1%. Inventories added 0.07 percentage points to growth while net exports added 0.43pp. This means the economy grew ...
- From bea.gov|Jan 25, 2024|7 comments
Real gross domestic product (GDP) increased at an annual rate of 3.3 percent in the fourth quarter of 2023 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 4.9 percent. The GDP estimate released today is based on source data that are incomplete or subject to further revision by the source agency (refer to "Source Data for the Advance Estimate" on page 3). The "second" estimate for the fourth quarter, based on more complete data, will be released on ...
- From scotiabank.com|Oct 26, 2023
A lot of information hit markets all at about the same time this morning (ECB, US indicators, etc) and this makes it difficult to draw overly strong conclusions about what markets reacted to. Nevertheless, it seems probable that US Treasury yields fell after 8:30amET US data because markets placed greater emphasis upon a small miss by core PCE inflation and ignored a beat by Q3 GDP alongside impressive details. I’m skeptical toward whether this was the correct reading from a Fed narrative standpoint. First the data. Q3 GDP grew by ...
- From cnbc.com|Oct 26, 2023
The U.S. economy grew even faster than expected in the third quarter, buoyed by a strong consumer in spite of higher interest rates, ongoing inflation pressures, and a variety of other domestic and global headwinds. Gross domestic product, a measure of all goods and services produced in the U.S., rose at a seasonally adjusted 4.9% annualized pace in the July-through-September period, up from an unrevised 2.1% pace in the second quarter, the Commerce Department reported Thursday. Economists surveyed by Dow Jones had been looking for a ...
- From think.ing.com|Oct 26, 2023
US third quarter GDP grew at the fastest rate since 2021, clocking in at 4.9% annualised, led by rampant consumer and government spending. Household spending grew 4% with expenditure on durable goods (those lasting more than three years) looking particularly strong at 7.6%. Services were softer at 3.6%, but there is still broad strength here with Taylor Swift, Beyonce and Barbie all playing their part, selling out venues, boosting hotel occupancy and restaurant and bar spending wherever they went. Residential investment was also ...
Released on Apr 25, 2024 |
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Released on Jan 25, 2024 |
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Released on Oct 26, 2023 |
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