Knowing why inflation changes in any given month requires looking beyond the headline number. As part of our work to disentangle the key drivers of inflation, our recent SF Fed Blog introduces the new Economic Research data page, PCE Inflation Contributions from Goods and Services.
The blog by Hamza Abdelrahman, Adam Shapiro, and Aren Yalcin describes how this new page adds to the other research currently available through our data and indicators pages.
The Federal Reserve Bank of San Francisco (SF Fed) works to advance the nation’s monetary, financial, and payment systems to build a stronger economy for all Americans. As part of the U.S. central bank, the SF Fed serves the Twelfth Federal Reserve District, which covers the nine western states—Alaska, Arizona, California, Hawai’i, Idaho, Nevada, Oregon, Utah, and Washington—plus American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands. By pursuing our two key goals of maximum employment and price stability—known as the Fed’s dual mandate—we work toward supporting an economy that works for everyone.