PCE Price Index Annual Change in the United States increased to 2.30 percent in May from 2.20 percent in April of 2025. This dataset includes a chart with historical data for the United States PCE Price Index Annual Change.

Core PCE Price Index Annual Change in the United States increased to 2.70 percent in May from 2.60 percent in April of 2025. This dataset includes a chart with historical data for the United States Core Pce Price Index Annual Change.

Collected by the Bureau of Economic Analysis (BEA), personal consumption expenditures (PCE) is the primary measure of consumer spending on goods and services in the United States economy. It accounts for about two-thirds of domestic final spending, and thus it is the primary engine that drives future economic growth. PCE shows how much of the income earned by households is being spent on current consumption as opposed to how much is being saved for future consumption. PCE also provides a comprehensive measure of types of goods and services that are purchased by households. Thus, for example, it shows the portion of spending that is accounted for by discretionary items, such as motor vehicles, or the adjustments that consumers make to changes in prices, such as a sharp run-up in gasoline prices. Further, Personal Consumption Expenditures by Function contain classifications that identify the purposes of objectives for which expenditures are made. In the U.S. National Income and Product Accounts (NIPAs), functional breakdowns of expenditures are provided for PCE by Function. NIPAs are a set of accounts that provides a logical and consistent framework for presenting statistics on U.S. economic activity. See Chapter 2 of the NIPA Handbook for further details regarding PCE by Function and NIPAs. In addition, the PCE by Function features several spending categories of arts-related goods and services, including the following items: Membership clubs, sports centers, parks, theaters, and museums Amusements parks, campgrounds, and related recreational services Admissions to specified spectator amusements, such as motion picture theaters, live entertainment, and spectator sports Museums and libraries Sports and recreational goods and related services Sports and recreational vehicles Magazines, newspapers, books, and stationery Photographic goods and services The PCE estimates are available monthly, so they can provide an early indication of the course of economic activity in the current quarter. For example, the PCE estimates for January are released at the end of February, and the estimates for February are released at the end of March; the advance estimates of gross domestic product (GDP) for the first quarter are released at the end of April. The PCE estimates are an integral part of the NIPAs. Data for PCE by Function are available for years 1929-2014. To view expenditures by function on the BEA Web site, users are encouraged to go to Summary NIPA Tables from the Consumer Spending page. The Summary Tables are located under the Estimates tab. On the Summary NIPA Tables page, users can view the PCE by Function Tables 2.5.3., 2.5.4., 2.5.5., and 2.5.6. under "Section 2 - Personal Income and Outlays." Users can interact with the data and choose the years they wish to view (e.g. 1999-2013). Spreadsheets can be downloaded from the Download NIPA Tables page.

Graph and download economic data for FOMC Summary of Economic Projections for the Personal Consumption Expenditures Inflation Rate, Central Tendency, Midpoint (PCECTPICTM) from 2025 to 2027 about projection, PCE, consumption expenditures, consumption, personal, inflation, rate, and USA.

Core PCE Price Index MoM in the United States increased to 0.20 percent in May from 0.10 percent in April of 2025. This dataset includes a chart with historical data for the United States Core Pce Price Index MoM.

The Federal Reserve Bank of Cleveland provides daily “nowcasts” of inflation for two popular price indexes, the price index for personal consumption expenditures (PCE) and the Consumer Price Index (CPI). These nowcasts give a sense of where inflation is today. Released each business day.

United States FOMC Projection: PCE Inflation: Central Tendency: Y3: Upper End data was reported at 2.000 % in Dec 2024. This stayed constant from the previous number of 2.000 % for Sep 2024. United States FOMC Projection: PCE Inflation: Central Tendency: Y3: Upper End data is updated quarterly, averaging 2.100 % from Sep 2015 (Median) to Dec 2024, with 20 observations. The data reached an all-time high of 2.200 % in Sep 2023 and a record low of 2.000 % in Dec 2024. United States FOMC Projection: PCE Inflation: Central Tendency: Y3: Upper End data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.I: PCE Price Index: Projection: Federal Reserve Board.

Graph and download economic data for Personal Consumption Expenditures Excluding Food and Energy (Chain-Type Price Index) (PCEPILFE) from Jan 1959 to May 2025 about chained, core, energy, headline figure, PCE, consumption expenditures, consumption, personal, inflation, price index, indexes, price, and USA.

PCE Price Index Monthly Change in the United States remained unchanged at 0.10 percent in May. This dataset includes a chart with historical data for the United States PCE Price Index Monthly Change.

United States FOMC Projection: PCE Inflation: Range: Y3: Upper End data was reported at 2.400 % in Dec 2024. This records an increase from the previous number of 2.100 % for Sep 2024. United States FOMC Projection: PCE Inflation: Range: Y3: Upper End data is updated quarterly, averaging 2.200 % from Sep 2015 (Median) to Dec 2024, with 20 observations. The data reached an all-time high of 3.000 % in Dec 2022 and a record low of 2.100 % in Sep 2024. United States FOMC Projection: PCE Inflation: Range: Y3: Upper End data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.I: PCE Price Index: Projection: Federal Reserve Board.

United States Core PCE Inflation Nowcast: sa: Contribution: Breakeven Inflation Rate: Breakeven Inflation: 10-Year data was reported at 0.000 % in 12 May 2025. This stayed constant from the previous number of 0.000 % for 05 May 2025. United States Core PCE Inflation Nowcast: sa: Contribution: Breakeven Inflation Rate: Breakeven Inflation: 10-Year data is updated weekly, averaging 0.000 % from Apr 2019 (Median) to 12 May 2025, with 320 observations. The data reached an all-time high of 4.726 % in 20 Jul 2020 and a record low of 0.000 % in 12 May 2025. United States Core PCE Inflation Nowcast: sa: Contribution: Breakeven Inflation Rate: Breakeven Inflation: 10-Year data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s United States – Table US.CEIC.NC: CEIC Nowcast: Personal Consumption Expenditure (PCE) Inflation: Core.

This filtered view presents the per captia personal consumption expenditures (PCE) for the State of Iowa and percent change from the prior annual period. PCE is the value of the goods and services purchased by, or on the behalf of, Iowa residents. PCE is divided by the Census Bureau’s annual midyear (July 1) population estimates to calculate the per capita PCE.

This dataset provides annual estimates developed by the U.S. Bureau of Economic Analysis on consumer spending in the State of Iowa beginning in 1998. Personal consumption expenditures (PCE) is the value of the goods and services purchased by, or on the behalf of, Iowa residents. PCE is reported in millions of current dollars. Also provided is per capita PCE which is reported in current dollars. The Census Bureau’s annual midyear (July 1) population estimates are used for per capita variables. Consumption category indicates the goods or services associated with personal consumption. All includes both goods and services. Goods include both durable goods and non durable goods. Durable goods include: motor vehicles and parts, furnishings and durable household equipment, recreational goods and vehicles, and other durable goods. Non durable goods include: food and beverages purchased for off-premises consumption, clothing and footwear, gasoline and other energy goods, and other non durable goods. Services include household consumption expenditures (for services) and final consumption expenditures of nonprofit institutions serving households (NPISHs). Household consumption expenditures include: housing and utilities, health care, transportation services, recreation services, food services and accommodations, financial services and insurance, and other services. NPISH is the gross output of nonprofit institutions less receipts from sales of goods and services by nonprofit institutions.

Graph and download economic data for Personal Consumption Expenditures: Chain-type Price Index (PCEPI) from Jan 1959 to May 2025 about chained, headline figure, PCE, consumption expenditures, consumption, personal, inflation, price index, indexes, price, and USA.

PCE Prices QoQ in the United States increased to 3.70 percent in the first quarter of 2025 from 2.40 percent in the fourth quarter of 2024. This dataset includes a chart with historical data for the United States PCE Prices QoQ.

Core PCE Inflation Nowcast: sa: Contribution: Securities Yield: Commercial Paper Rate: FRB: AA Financial: 1 Day data was reported at 0.000 % in 12 May 2025. This stayed constant from the previous number of 0.000 % for 05 May 2025. Core PCE Inflation Nowcast: sa: Contribution: Securities Yield: Commercial Paper Rate: FRB: AA Financial: 1 Day data is updated weekly, averaging 0.000 % from Apr 2019 (Median) to 12 May 2025, with 320 observations. The data reached an all-time high of 2.699 % in 14 Sep 2020 and a record low of 0.000 % in 12 May 2025. Core PCE Inflation Nowcast: sa: Contribution: Securities Yield: Commercial Paper Rate: FRB: AA Financial: 1 Day data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s United States – Table US.CEIC.NC: CEIC Nowcast: Personal Consumption Expenditure (PCE) Inflation: Core.

The longer-run projections are the rates of growth, inflation, and unemployment to which a policymaker expects the economy to converge over time in the absence of further shocks and under appropriate monetary policy. Because appropriate monetary policy, by definition, is aimed at achieving the Federal Reserve's dual mandate of maximum employment and price stability in the longer run, policymakers' longer-run projections for economic growth and unemployment may be interpreted, respectively, as estimates of the economy's longer-run potential growth rate and the longer-run normal rate of unemployment; similarly, the longer-run projection of inflation is the rate of inflation which the FOMC judges to be most consistent with its dual mandate in the longer-term.

Projections of personal consumption expenditures (PCE) inflation rate are fourth quarter growth rates, that is, percentage changes from the fourth quarter of the prior year to the fourth quarter of the indicated year. PCE inflation rate is the percentage rates of change in the price index for personal consumption expenditures (PCEPI). Each participant's projections are based on his or her assessment of appropriate monetary policy. The range for each variable in a given year includes all participants' projections, from lowest to highest, for that variable in the given year; the central tendencies exclude the three highest and three lowest projections for each year. This series represents the midpoint of the central tendency forecast's high and low values established by the Federal Open Market Committee.

Digitized originals of this release can be found at https://fraser.stlouisfed.org/publication/?pid=677.

View data of PCE, an index that measures monthly changes in the price of consumer goods and services as a means of analyzing inflation.

United States Core PCE Inflation Nowcast: sa: Contribution: Securities Yield: Commercial Paper Rate: FRB: AA Non Financial: 7 Days data was reported at 0.000 % in 12 May 2025. This stayed constant from the previous number of 0.000 % for 05 May 2025. United States Core PCE Inflation Nowcast: sa: Contribution: Securities Yield: Commercial Paper Rate: FRB: AA Non Financial: 7 Days data is updated weekly, averaging 0.000 % from Apr 2019 (Median) to 12 May 2025, with 320 observations. The data reached an all-time high of 0.000 % in 12 May 2025 and a record low of 0.000 % in 12 May 2025. United States Core PCE Inflation Nowcast: sa: Contribution: Securities Yield: Commercial Paper Rate: FRB: AA Non Financial: 7 Days data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s United States – Table US.CEIC.NC: CEIC Nowcast: Personal Consumption Expenditure (PCE) Inflation: Core.

United States Core PCE Inflation Nowcast: sa: Contribution: Energy Prices data was reported at 0.000 % in 12 May 2025. This stayed constant from the previous number of 0.000 % for 05 May 2025. United States Core PCE Inflation Nowcast: sa: Contribution: Energy Prices data is updated weekly, averaging 0.000 % from Apr 2019 (Median) to 12 May 2025, with 320 observations. The data reached an all-time high of 63.010 % in 18 Jul 2022 and a record low of 0.000 % in 12 May 2025. United States Core PCE Inflation Nowcast: sa: Contribution: Energy Prices data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s United States – Table US.CEIC.NC: CEIC Nowcast: Personal Consumption Expenditure (PCE) Inflation: Core.