The personal consumption expenditure price index in the United States increased 3% year-on-year in June 2023, the lowest reading since March 2021, in line with market forecasts. Prices for goods decreased 0.6% while for services increased 4.9%. Food cost rose 4.6% and energy sank 18.9%. Compared to the previous month, PCE prices were up 0.2%, after a 0.1% rise in May and matching expectations. Meanwhile, annual core PCE inflation fell to 4.1%, the lowest since September 2021, better than forecasts of 4.2% while the monthly rate eased to 0.2% from 0.3% as expected. source: U.S. Bureau of Economic Analysis

PCE Price Index Annual Change in the United States averaged 3.31 percent from 1960 until 2023, reaching an all time high of 11.59 percent in March of 1980 and a record low of -1.47 percent in July of 2009. This page includes a chart with historical data for the United States PCE Price Index Annual Change. United States PCE Price Index Annual Change - data, historical chart, forecasts and calendar of releases - was last updated on August of 2023.

PCE Price Index Annual Change in the United States is expected to be 3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States PCE Price Index Annual Change is projected to trend around 2.50 percent in 2024 and 2.10 percent in 2025, according to our econometric models.

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United States PCE Price Index Annual Change



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-06-30 12:30 PM May 3.8% 4.3% 3.9%
2023-07-28 12:30 PM Jun 3% 3.8% 3% 2.9%
2023-08-31 12:30 PM Jul 3% 3.3% 3.2%


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

United States PCE Price Index Annual Change
In the United States, the Personal Consumption Expenditure Price Index provides a measure of the prices paid for domestic purchases of goods and services. While the Consumer Price Index assumes a fixed basket of goods and uses expenditure weights that do not change over time for several years, the Personal Consumption Expenditure Price Index uses a chain index and resorts on expenditure data from the current period and the preceding period (known as Fisher Price Index).
Actual Previous Highest Lowest Dates Unit Frequency
2.97 3.82 11.59 -1.47 1960 - 2023 percent Monthly
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News Stream
PCE Inflation Slows to 3% as Expected
The personal consumption expenditure price index in the United States increased 3% year-on-year in June 2023, the lowest reading since March 2021, in line with market forecasts. Prices for goods decreased 0.6% while for services increased 4.9%. Food cost rose 4.6% and energy sank 18.9%. Compared to the previous month, PCE prices were up 0.2%, after a 0.1% rise in May and matching expectations. Meanwhile, annual core PCE inflation fell to 4.1%, the lowest since September 2021, better than forecasts of 4.2% while the monthly rate eased to 0.2% from 0.3% as expected.
2023-07-28
US PCE Inflation Slows in May
The personal consumption expenditure price index in the United States increased 3.8% year-on-year in May 2023, the lowest reading since April of 2021, compared to a downwardly revised 4.3% advance in April. Prices for goods increased 1.1% and prices for services rose 5.3%. Food cost went up 5.8% and energy prices decreased 13.4%. Excluding food and energy, the PCE price index which is the Federal Reserve’s preferred gauge to measure inflation, increased 4.6% from one year ago, compared to market expectations of 4.7% and 4.7% in April. On a monthly basis, PCE prices rose 0.1% and the core index 0.3%. In June, the Fed projected PCE inflation for this year at 3.2% and core PCE inflation at 3.9%.
2023-06-30
US PCE Inflation Accelerates in April
The personal consumption expenditure price index in the United States rose 4.4 percent year-on-year in April 2023, accelerating from a 4.2 percent advance in the previous month. Prices for goods increased 2.1 percent, up from 1.6 percent in March, and prices for services increased 5.5 percent, the same as in the prior month. Meanwhile, food inflation eased to 6.9 percent from 8 percent and energy prices decreased 6.3 percent, following a 9.8 percent fall. Excluding food and energy, the PCE price index increased 4.7 percent from one year ago, above market expectations of 4.6 percent.
2023-05-26