I have done some economic research with the FRED data.
Concerning the data series “PCEPILFE” and “PCEPI” there is a major data error. The index value on both data series drops very extreme from April 2018 to May 2019. Using the original data series on the FRED web page this drop isn’t there.
I have also recognized that the data older than one year is not the same as on the FRED web page. This is also true with the data series “CPIAUCSL” and “CPILFESL”.
It seems to me that the FRED data base should be updated completely new to reflect the readjustments that are usually the case with economic data.
I know of course that Optuma is not responsible for the FRED data but perhaps you can contact the database vendor to update the data files.
It is interesting to note that the Optuma FRED database has different data than the FRED web page. Shouldn’t the database not the same?
The data files have been updated, the data should update automatically the next time the files are open but you can also force the updated data down using Option 2 listed here:
thanks for your answer. I have updated the data files but unfortunately the data for the “Personal Consumption Expenditures Excluding Food and Energy” is still not corrected.
I have attached two screenshots, so you can see the data issue.
Did you force the data down using Download History as per Option 2 in the article i sent in my original reply? This is how the data is displaying in my copy of Optuma after forcing the updated data down:
