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DEFINITION of 'Personal Consumption Expenditures-PCE'. A measure of price changes in consumer goods and services. Personal consumption expenditures consist of the actual and imputed expenditures of households; the measure includes data pertaining to durables, non-durables and services.It is essentially a measure of goods and services targeted toward individuals and consumed by individuals. Also referred to as consumption..here are two broad indexes of consumer prices in the United States: the CPI and the Chain Price Index for Personal Consumption Expenditures (PCEPI).
ECE is an initialism with disparate meanings, including: 1  Electrical and computer engineering, a discipline that combines electrical engineering and computer science and engineering. Electronics and communication engineering, a discipline that combines electronics engineering and Computer, Information and communication technology. 2  United Nations Economic Commission for Europe, a United Nations agency promulgating automotive technical regulations based on international consensus.