United States: PCE Price Index (YoY) - All Items (SA)

Macro

2026-08-26

Description

The Personal Consumption Expenditures (PCE) Price Index is calculated and published by the Bureau of Economic Analysis (BEA). This index measures the changes in prices of goods and services consumed by households and is a key indicator of inflation monitored by the Federal Reserve. Higher year-over-year growth rates in the PCE suggest increased consumer spending and inflation pressure, while lower rates indicate reduced spending and inflation.

PCE and CPI are both key inflation indicators, but they differ in the following ways:

1. Formula: PCE uses the Fisher-Ideal formula, which accounts for changes in consumer behavior, while CPI uses the Laspeyres formula, which is more static in nature.
2. Coverage: PCE includes all consumer spending, including expenses paid by employers and the government, whereas CPI only considers out-of-pocket expenses by consumers.
3. Weighting Differences: PCE weights are updated monthly and are based on business surveys, while CPI weights are adjusted annually and are based on household surveys.

The PCE index is typically released monthly and provides data on changes in consumer spending for the previous month.

Published by
U.S. Bureau of Economic Analysis (Choice)
Frequency
Monthly
Next Update
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AI Data Insight

The US 2026 Q3 Personal Consumption Expenditures (PCE) price index recorded a year-over-year growth of 3.7%, flat compared to the previous value in Q2, but slightly above market expectations of 3.6%. The breakdown shows that goods prices slightly declined, but services inflation accelerated its rebound, leading to stickiness in core price pressures. As the momentum of real consumer spending slows down, the Federal Reserve will face a more complex policy test between fighting inflation and maintaining economic momentum.

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AI Data Insight

The US 2026 Q3 Personal Consumption Expenditures (PCE) price index recorded a year-over-year growth of 3.7%, flat compared to the previous value in Q2, but slightly above market expectations of 3.6%. The breakdown shows that goods prices slightly declined, but services inflation accelerated its rebound, leading to stickiness in core price pressures. As the momentum of real consumer spending slows down, the Federal Reserve will face a more complex policy test between fighting inflation and maintaining economic momentum.

Dive in →

You May Also Like

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Macro
Description

The Personal Consumption Expenditures (PCE) Price Index is calculated and published by the Bureau of Economic Analysis (BEA). This index measures the changes in prices of goods and services consumed by households and is a key indicator of inflation monitored by the Federal Reserve. Higher year-over-year growth rates in the PCE suggest increased consumer spending and inflation pressure, while lower rates indicate reduced spending and inflation.

PCE and CPI are both key inflation indicators, but they differ in the following ways:

1. Formula: PCE uses the Fisher-Ideal formula, which accounts for changes in consumer behavior, while CPI uses the Laspeyres formula, which is more static in nature.
2. Coverage: PCE includes all consumer spending, including expenses paid by employers and the government, whereas CPI only considers out-of-pocket expenses by consumers.
3. Weighting Differences: PCE weights are updated monthly and are based on business surveys, while CPI weights are adjusted annually and are based on household surveys.

The PCE index is typically released monthly and provides data on changes in consumer spending for the previous month.

Published by
U.S. Bureau of Economic Analysis (Choice)
Frequency
Monthly
Next Update
Hashtags