News release
In the first quarter of 2020, real personal consumption expenditure was $13,117 billion and the PCEPI was 110.88. In the first quarter of 2021, real personal consumption expenditure was $13,353 billion and personal consumption expenditure was $15,070 billion.
Source: BEA, July 24, 2021
Calculate personal consumption expenditure in the first quarter of 2020 and the PCEPI in the first quarter of 2021.
Was the percentage increase in real personal consumption expenditure greater or smaller than that in personal consumption expenditure?