Current Forecast of PCE Price Index

Units: PCE Chain-Type Price Index, 2009=100.  Seasonally Adjusted.

Solid Line = Actual Values.  Dashed Line = Predicted Values.

Historical Data and Forecast for PCE Price Index

How This Forecast is Produced

The forecast of the indicator above is produced using Multichannel Singular Spectrum Analysis, or MSSA.

The forecast is made by using MSSA to decompose the time series into a trend component and many cyclical components.  The decomposed components of the time series are then projected forward in time.