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

Macro

2026-05-28

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

AI Data Insight

The year-over-year growth rate of the US Personal Consumption Expenditures (PCE) price index for Q2 2026 jumped to 3.8%, not only higher than the previous quarter's 3.5% but also hitting a nearly three-year high. Although the month-over-month growth rate of core PCE cooled slightly, the US-Iran conflict has driven up energy prices, causing overall inflation pressures to increase rather than decrease. Against the backdrop of plummeting savings rates and slowing economic growth, the market expects the Federal Reserve to maintain its tightening policy for a longer period.

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AI Data Insight

The year-over-year growth rate of the US Personal Consumption Expenditures (PCE) price index for Q2 2026 jumped to 3.8%, not only higher than the previous quarter's 3.5% but also hitting a nearly three-year high. Although the month-over-month growth rate of core PCE cooled slightly, the US-Iran conflict has driven up energy prices, causing overall inflation pressures to increase rather than decrease. Against the backdrop of plummeting savings rates and slowing economic growth, the market expects the Federal Reserve to maintain its tightening policy for a longer period.

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