What is Personal Consumption Expenditure [PCE]?

PCE (Personal Consumption Expenditures) is like counting how much money everyone in the country is spending on everything they buy. It adds up all the shopping people do, like for food, clothes, and more. This helps us know if people are buying more or less stuff and if the economy is strong or not.

HOW TO CALCULATE?
To do PCE, think about what you and everyone else buy. Researchers add up all those things people buy and how much they spend. Then they look at the total spending and see if it's gone higher or lower. If it's gone up, it means people are buying more things, and if it's gone down, they're buying less. This helps us understand how the country's money is moving around and if things are going well or need attention

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