Core PCE prices in the US, which exclude food and energy, went up by 0.2% month-over-month in June 2023, easing from a 0.3% increase in the previous month and in line with market expectations. The annual rate, the Federal Reserve’s preferred gauge to measure inflation, rose by 4.1%, the lowest since September 2021 and less than market expectations of 4.2%. When including food and energy costs, the PCE price index rose 0.2% from the previous month and 3% from the corresponding period of the previous year, the lowest since March 2021. source: U.S. Bureau of Economic Analysis

Core PCE Price Index MoM in the United States averaged 0.26 percent from 1959 until 2023, reaching an all time high of 1.00 percent in May of 1974 and a record low of -0.60 percent in September of 2001. This page includes a chart with historical data for the United States Core Pce Price Index MoM. United States Core Pce Price Index MoM - data, historical chart, forecasts and calendar of releases - was last updated on August of 2023.

Core PCE Price Index MoM in the United States is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Core Pce Price Index MoM is projected to trend around 0.30 percent in 2024 and 0.20 percent in 2025, according to our econometric models.

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United States Core Pce Price Index MoM



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-06-30 12:30 PM May 0.3% 0.4% 0.3% 0.3%
2023-07-28 12:30 PM Jun 0.2% 0.3% 0.2% 0.2%
2023-08-31 12:30 PM Jul 0.2% 0.2% 0.2%


Related Last Previous Unit Reference
Core PCE Price Index Annual Change 4.10 4.58 percent Jun 2023
PCE Price Index Monthly Change 0.20 0.10 percent Jun 2023
PCE Price Index Annual Change 2.97 3.82 percent Jun 2023
PCE Price Index 127.18 126.97 points Jun 2023
Core PCE Price Index 128.31 128.10 points Jun 2023


News Stream
US Core PCE Prices Rise 0.2% in June
Core PCE prices in the US, which exclude food and energy, went up by 0.2% month-over-month in June 2023, easing from a 0.3% increase in the previous month and in line with market expectations. The annual rate, the Federal Reserve’s preferred gauge to measure inflation, rose by 4.1%, the lowest since September 2021 and less than market expectations of 4.2%. When including food and energy costs, the PCE price index rose 0.2% from the previous month and 3% from the corresponding period of the previous year, the lowest since March 2021.
2023-07-28
US Core PCE Prices Edge Higher as Expected
The index measuring core personal consumption expenditure prices in the US, which excludes food and energy, matched market expectations and rose by 0.3% in May, easing from the 0.4% increase in the previous month. The yearly change, which is the Federal Reserve’s key gauge for inflation in the US economy, rose by 4.6%, edging lower from 4.7% in April. When including food and energy costs, the PCE price index edged 0.1% higher from the previous month and 3.8% higher from the corresponding period of the previous year, the smallest annual increase since April 2021.
2023-06-30
US Core PCE Inflation Rises More Than Expected
The personal consumption expenditure prices in the US rose more than expected in April, reinforcing bets that the Federal Reserve will commit to its hawkish stance and leave rates elevated for a prolonged period. Core PCE, which excludes food and energy, increased 0.4 percent month-over-month in April 2023, above market expectations of a 0.3 percent gain. The annual rate, the Federal Reserve's preferred gauge to measure inflation, unexpectedly accelerated to 4.7 percent, compared with market expectations of 4.6 percent. The headline PCE also increased 0.4% and was up 4.4% from a year ago, higher than the 4.2% rate in March.
2023-05-26