Projections of personal consumption expenditures less food and energy (Core PCE) inflation rate are fourth quarter growth rates, that is, percentage changes from the fourth quarter of the prior year to the fourth quarter of the indicated year. Core PCE inflation rate is the percentage rates of change in the price index for personal consumption expenditures less food and energy. Each participant's projections are based on his or her assessment of appropriate monetary policy. The range for each variable in a given year includes all participants' projections, from lowest to highest, for that variable in the given year. This series represents the low value of the range forecast established by the Federal Open Market Committee.
Digitized originals of this release can be found at https://fraser.stlouisfed.org/publication/?pid=677.
Release: Summary of Economic Projections
Federal Reserve Bank of St. Louis and US. Federal Open Market Committee, FOMC Summary of Economic Projections for the Personal Consumption Expenditures less Food and Energy Inflation Rate, Range, Low [JCXFERL], retrieved from FRED, Federal Reserve Bank of St. Louis https://research.stlouisfed.org/fred2/series/JCXFERL, February 13, 2016.