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.

FOMC Projection: Core PCE Inflation: Range: Y3: Lower End data was reported at 2.000 % in Dec 2024. This stayed constant from the previous number of 2.000 % for Sep 2024. FOMC Projection: Core PCE Inflation: Range: Y3: Lower End data is updated quarterly, averaging 1.950 % from Sep 2015 (Median) to Dec 2024, with 20 observations. The data reached an all-time high of 2.000 % in Dec 2024 and a record low of 1.700 % in Dec 2020. FOMC Projection: Core PCE Inflation: Range: Y3: Lower 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 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.

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.

United States - Longer Run FOMC Summary of Economic Projections for the Personal Consumption Expenditures Inflation Rate, Range, Low was 2.00000 Fourth Qtr. to Fourth Qtr. % Chg. in March of 2025, according to the United States Federal Reserve. Historically, United States - Longer Run FOMC Summary of Economic Projections for the Personal Consumption Expenditures Inflation Rate, Range, Low reached a record high of 2.00000 in January of 2012 and a record low of 1.50000 in May of 2009. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Longer Run FOMC Summary of Economic Projections for the Personal Consumption Expenditures Inflation Rate, Range, Low - last updated from the United States Federal Reserve on June of 2025.

In 2020, the personal consumption expenditures (PCE) of the United States came to *** percent in a year over year comparison to the previous period. The PCE refers to household expenditures over a period of time and has become the measure for inflation in the United States. This inflation metric is forecasted to have a *** percent year over year increase by 2024.

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 Summary of Economic Projections for the Personal Consumption Expenditures less Food and Energy Inflation Rate, Range, Low was 2.00000 Fourth Qtr. to Fourth Qtr. % Chg. in January of 2027, according to the United States Federal Reserve. Historically, United States - FOMC Summary of Economic Projections for the Personal Consumption Expenditures less Food and Energy Inflation Rate, Range, Low reached a record high of 4.60000 in January of 2022 and a record low of 1.20000 in January of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - FOMC Summary of Economic Projections for the Personal Consumption Expenditures less Food and Energy Inflation Rate, Range, Low - last updated from the United States Federal Reserve on July of 2025.

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.

United States CBO Projection: PCEPI: Excl Food & Energy: Annual data was reported at 137.260 2012=100 in 2029. This records an increase from the previous number of 134.596 2012=100 for 2028. United States CBO Projection: PCEPI: Excl Food & Energy: Annual data is updated yearly, averaging 123.256 2012=100 from Dec 2018 (Median) to 2029, with 12 observations. The data reached an all-time high of 137.260 2012=100 in 2029 and a record low of 110.001 2012=100 in 2018. United States CBO Projection: PCEPI: Excl Food & Energy: Annual data remains active status in CEIC and is reported by Congressional Budget Office. The data is categorized under Global Database’s United States – Table US.I022: PCE Price Index: Projection: Congressional Budget Office.

United States CBO Projection: PCEPI: QoQ data was reported at 2.000 % in Dec 2029. This records an increase from the previous number of 1.998 % for Sep 2029. United States CBO Projection: PCEPI: QoQ data is updated quarterly, averaging 2.000 % from Dec 2018 (Median) to Dec 2029, with 45 observations. The data reached an all-time high of 2.214 % in Dec 2019 and a record low of 1.703 % in Jun 2019. United States CBO Projection: PCEPI: QoQ data remains active status in CEIC and is reported by Congressional Budget Office. The data is categorized under Global Database’s United States – Table US.I022: PCE Price Index: Projection: Congressional Budget Office.

United States CBO Projection: PCEPI: Excl Food & Energy: Annual: YoY data was reported at 1.979 % in 2035. This records a decrease from the previous number of 1.984 % for 2034. United States CBO Projection: PCEPI: Excl Food & Energy: Annual: YoY data is updated yearly, averaging 2.029 % from Dec 2023 (Median) to 2035, with 13 observations. The data reached an all-time high of 4.168 % in 2023 and a record low of 1.979 % in 2035. United States CBO Projection: PCEPI: Excl Food & Energy: Annual: YoY data remains active status in CEIC and is reported by Congressional Budget Office. The data is categorized under Global Database’s United States – Table US.I038: PCE Price Index: Projection: Congressional Budget Office.

Graph and download economic data for Longer Run FOMC Summary of Economic Projections for the Personal Consumption Expenditures Inflation Rate, Central Tendency, Midpoint (PCECTPICTMLR) from 2009-02-18 to 2025-06-18 about projection, PCE, consumption expenditures, consumption, personal, inflation, rate, and USA.

United States CBO Projection: PCEPI: Annual: YoY data was reported at 1.957 % in 2035. This records a decrease from the previous number of 1.958 % for 2034. United States CBO Projection: PCEPI: Annual: YoY data is updated yearly, averaging 1.983 % from Dec 2023 (Median) to 2035, with 13 observations. The data reached an all-time high of 3.794 % in 2023 and a record low of 1.957 % in 2035. United States CBO Projection: PCEPI: Annual: YoY data remains active status in CEIC and is reported by Congressional Budget Office. The data is categorized under Global Database’s United States – Table US.I038: PCE Price Index: Projection: Congressional Budget Office.

United States CBO Projection: PCEPI: Annual data was reported at 135.152 2012=100 in 2029. This records an increase from the previous number of 132.508 2012=100 for 2028. United States CBO Projection: PCEPI: Annual data is updated yearly, averaging 121.225 2012=100 from Dec 2018 (Median) to 2029, with 12 observations. The data reached an all-time high of 135.152 2012=100 in 2029 and a record low of 108.253 2012=100 in 2018. United States CBO Projection: PCEPI: Annual data remains active status in CEIC and is reported by Congressional Budget Office. The data is categorized under Global Database’s United States – Table US.I022: PCE Price Index: Projection: Congressional Budget Office.

United States CBO Projection: PCEPI data was reported at 136.156 2012=100 in Dec 2029. This records an increase from the previous number of 135.484 2012=100 for Sep 2029. United States CBO Projection: PCEPI data is updated quarterly, averaging 122.147 2012=100 from Dec 2018 (Median) to Dec 2029, with 45 observations. The data reached an all-time high of 136.156 2012=100 in Dec 2029 and a record low of 108.983 2012=100 in Dec 2018. United States CBO Projection: PCEPI data remains active status in CEIC and is reported by Congressional Budget Office. The data is categorized under Global Database’s United States – Table US.I022: PCE Price Index: Projection: Congressional Budget Office.

United States FRBOP Forecast: PCE Inflation: sa: Mean: Plus 2 Qtrs data was reported at 2.106 % in Jun 2018. This records an increase from the previous number of 1.943 % for Mar 2018. United States FRBOP Forecast: PCE Inflation: sa: Mean: Plus 2 Qtrs data is updated quarterly, averaging 1.796 % from Mar 2007 (Median) to Jun 2018, with 46 observations. The data reached an all-time high of 2.453 % in Mar 2008 and a record low of 1.177 % in Dec 2009. United States FRBOP Forecast: PCE Inflation: sa: Mean: Plus 2 Qtrs data remains active status in CEIC and is reported by Federal Reserve Bank of Philadelphia. The data is categorized under Global Database’s USA – Table US.A057: NIPA 2013: PCE Chained Type Price Index: 2009=100: Forecast: Federal Reserve Bank of Philadelphia.

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