Stock

Energy expenditures as a percentage of PCE

Note: Back in early 2016, I noted that energy expenditures as a percentage of PCE had hit an all time low. Here is an update through the December 2019 PCE report released last week.

Below is a graph of expenditures on energy goods and services as a percent of total personal consumption expenditures through December 2019.

This is one of the measures that Professor Hamilton at Econbrowser looks at to evaluate any drag on GDP from energy prices.

%d bloggers like this: