Personal consumption expenditure is a measure of consumer spending.
PCE is one of the indicators that the Bureau of Economic Analysis reports, along with personal income and the PCE price index in the Personal Income and Expenditure Statement.
PCEs include how much is spent on durables, non-durables, and services.
The PCE price index is a method used by the Federal Reserve to measure inflation.
PCEPI is based on the prices of all households, corporations and governments, as well as gross domestic product (GDP).