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Updated 6/08

Implicit Price Deflator Index for Personal Consumption Expenditures

Implicit Price Deflator Index for Personal Consumption Expenditures -- Base Year 2000

Monthly Index and Cumulative Percentage Change from July 2007

July 07

Aug

Sep

Oct

Nov

Dec

Jan 08

Feb

Mar

Apr

May

June

July

Index

117.772

117.750

118.083

118.407

119.153

119.483

119.797

119.963

120.330

120.611

Cum.%

-0.019

0.264

0.539

1.173

1.453

1.719

1.860

2.172

2.411

Proj.

-0.224

1.584

2.157

3.518

3.487

3.439

3.189

3.258

3.214

12 Mo.

1.847

2.450

2.974

3.597

3.527

3.509

3.363

3.218

3.163

Source: Table B.2. Implicit Price Deflator for Personal Consumption Expenditures.

The top row represents the preliminary and revised implicit price deflator for personal consumption expenditures (IPD) published by the Bureau of Economic Analysis (BEA). The second row represents the cumulative percentage change in the preliminary or revised index from July of 2007. The third row represents the projections of the annual implicit price deflator since July of 2007 when using the methodology of dividing the cumulative percentage change since July by the number of months since July and then multiplying the dividend by 12 to obtain an annual estimate. The fourth row represents the actual percentage change of the implicit price deflator over the last 12 months.