US PCE Inflation: PCE and Core PCE
US monthly personal consumption expenditures price index and core PCE inflation from the BEA.
| Indicator | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | 10-2025 | 09-2025 | 08-2025 | 07-2025 | 06-2025 | 05-2025 | 04-2025 | 03-2025 | 02-2025 | 01-2025 | 12-2024 | 11-2024 | 10-2024 | 09-2024 | 08-2024 | 07-2024 | 06-2024 | 05-2024 | 04-2024 | 03-2024 | 02-2024 | 01-2024 | 12-2023 | 11-2023 | 10-2023 | 09-2023 | 08-2023 | 07-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Personal consumption expenditures (PCE)7 | +3.7% | +3.7% | +4.1% | +3.8% | +3.5% | +2.9% | +2.9% | +2.9% | +2.8% | +2.7% | +2.8% | +2.7% | +2.6% | +2.6% | +2.5% | +2.3% | +2.4% | +2.7% | +2.6% | +2.7% | +2.6% | +2.5% | +2.3% | +2.4% | +2.6% | +2.5% | +2.7% | +2.8% | +2.9% | +2.7% | +2.7% | +2.8% | +2.8% | +3.0% | +3.4% | +3.4% | +3.4% | |
| Goods2 | +3.7% | +3.7% | +4.8% | +4.4% | +3.8% | +1.8% | +1.3% | +1.7% | +1.5% | +1.3% | +1.4% | +0.9% | +0.6% | +0.6% | +0.1% | −0.3% | −0.3% | +0.3% | +0.5% | −0.1% | −0.4% | −1.0% | −1.2% | −0.9% | −0.2% | −0.4% | −0.3% | 0.0% | 0.0% | −0.3% | −0.5% | +0.1% | −0.2% | +0.3% | +1.0% | +0.8% | −0.2% | |
| Durable goods | +3.4% | +2.9% | +3.3% | +3.4% | +3.3% | +2.8% | +2.1% | +2.0% | +1.0% | +0.9% | +0.9% | +1.2% | +1.1% | +1.0% | +0.5% | −0.4% | −1.1% | −1.0% | −1.2% | −1.3% | −1.2% | −1.7% | −1.8% | −2.1% | −2.4% | −2.8% | −3.1% | −2.1% | −1.9% | −2.1% | −2.3% | −2.2% | −2.0% | −2.1% | −2.2% | −1.7% | −0.9% | |
| Nondurable goods | +3.9% | +4.1% | +5.5% | +4.9% | +4.0% | +1.3% | +0.8% | +1.6% | +1.7% | +1.5% | +1.7% | +0.7% | +0.3% | +0.4% | −0.1% | −0.2% | +0.2% | +1.0% | +1.4% | +0.6% | 0.0% | −0.7% | −0.8% | −0.2% | +1.0% | +0.9% | +1.3% | +1.1% | +1.1% | +0.7% | +0.4% | +1.4% | +0.7% | +1.6% | +2.7% | +2.1% | +0.2% | |
| Services | +3.7% | +3.7% | +3.8% | +3.5% | +3.4% | +3.4% | +3.6% | +3.4% | +3.4% | +3.4% | +3.4% | +3.6% | +3.6% | +3.5% | +3.6% | +3.5% | +3.6% | +3.8% | +3.6% | +4.0% | +4.0% | +4.1% | +3.9% | +4.0% | +3.9% | +4.0% | +4.1% | +4.2% | +4.3% | +4.2% | +4.3% | +4.1% | +4.2% | +4.4% | +4.7% | +4.8% | +5.2% | |
| Core PCE (excluding food and energy) | +3.3% | +3.3% | +3.5% | +3.3% | +3.3% | +3.0% | +3.1% | +3.0% | +2.8% | +2.8% | +2.8% | +2.9% | +2.9% | +2.8% | +2.8% | +2.6% | +2.7% | +3.0% | +2.8% | +3.0% | +3.0% | +3.0% | +2.8% | +2.9% | +2.8% | +2.8% | +2.8% | +3.0% | +3.1% | +3.1% | +3.2% | +3.1% | +3.3% | +3.5% | +3.7% | +3.8% | +4.3% | |
| Food | +2.4% | +2.4% | +2.4% | +2.5% | +1.7% | +2.3% | +2.0% | +2.1% | +2.0% | +2.2% | +2.4% | +2.2% | +1.8% | +2.0% | +1.8% | +1.7% | +1.9% | +1.4% | +1.6% | +1.6% | +1.4% | +1.0% | +1.2% | +1.1% | +1.2% | +1.3% | +1.2% | +1.3% | +1.5% | +1.4% | +1.5% | +1.5% | +1.8% | +2.5% | +2.8% | +3.2% | +3.8% | |
| Energy goods and services | +15.3% | +15.8% | +24.1% | +18.2% | +14.4% | −0.2% | −0.9% | +2.2% | +4.4% | +2.7% | +2.7% | −0.1% | −1.9% | −1.3% | −3.8% | −4.2% | −3.8% | −0.6% | +0.7% | −1.0% | −4.0% | −6.0% | −8.1% | −5.0% | +0.4% | +0.4% | +3.0% | +1.8% | +1.4% | −2.2% | −4.6% | −2.1% | −5.9% | −4.7% | +0.1% | −3.7% | −13.2% | |
| Market-based PCE | +3.5% | +3.5% | +4.0% | +3.7% | +3.5% | +2.7% | +2.6% | +2.7% | +2.5% | +2.5% | +2.5% | +2.5% | +2.4% | +2.4% | +2.2% | +2.0% | +2.0% | +2.3% | +2.2% | +2.3% | +2.1% | +2.0% | +1.8% | +2.0% | +2.2% | +2.2% | +2.3% | +2.4% | +2.6% | +2.4% | +2.5% | +2.6% | +2.7% | +2.9% | +3.2% | +3.2% | +3.0% | |
| Market-based core PCE | +3.0% | +3.0% | +3.2% | +3.1% | +3.1% | +2.9% | +2.8% | +2.7% | +2.5% | +2.5% | +2.6% | +2.6% | +2.6% | +2.6% | +2.5% | +2.4% | +2.3% | +2.5% | +2.4% | +2.5% | +2.5% | +2.5% | +2.5% | +2.5% | +2.4% | +2.4% | +2.4% | +2.6% | +2.7% | +2.8% | +3.0% | +3.0% | +3.3% | +3.4% | +3.5% | +3.6% | +4.0% |
Latest reading
Personal consumption expenditures (PCE) stood at 131.66 in Jul 2026. That is +0.2% from Jun 2026 and +3.7% from a year earlier. The series on this page is monthly and runs from Jan 1959 to Jul 2026. Source: FRED (Federal Reserve Bank of St. Louis).
- vs a year earlier
- +3.7%
- Jul 2026
- vs previous period
- +0.2%
- Jun 2026
- Latest
- 131.66
- Jul 2026
About this data
US monthly personal consumption expenditures price index and core PCE inflation from the BEA. Measures overall price changes, goods, services, and market-based components since 1959. This series serves as the primary inflation gauge monitored by the Federal Reserve.
Frequently asked questions
- What does the US PCE inflation table measure?
- This table measures the personal consumption expenditures (PCE) price index and its subcomponents in the United States, tracking headline inflation, core PCE, goods, and services.
- How often is the PCE price index published and what is the historical coverage?
- The PCE price index is published monthly by the Bureau of Economic Analysis, with historical series starting from 1959.
- Which specific breakdowns are available in this table?
- The table includes ten NIPA series covering headline PCE, durable goods, nondurable goods, services, core PCE excluding food and energy, food, energy, and market-based variants.
- Why is this table important for US monetary policy?
- The Federal Reserve monitors core PCE rather than core CPI as its preferred inflation gauge when evaluating price stability and setting target interest rates.
